What Are Tax Havens And How Do They Work?

Since the leak and subsequent complete disregard of the Panama Papers and Paradise Papers the concept of Tax Havens have been thrust into the limelight

Today, roughly $8.7 trillion is held in off-shore accounts in tax havens across the globe. But what are tax havens? How do they work and how do they mess with the global economy and regular people’s wallets? Well, Let’s Find Out.

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SOURCES (Affiliate Links)

The Hidden Wealth of NationsThe Scourge of Tax Havens,

Other Sources

Information on Kaunos

$8.7 trillion source

Panama Papers trends

55 tax havens across the globe

2018 Top Tax Havens

Google 2015 15.5 billion

End world hunger

Average US homes

$1.6 trillion offshore

$3,333 each

8% of the world’s wealth

European Debt

European GDP)

Developing Countries Wealth Off Shore

Nordic Countries

$32 billion annually

SOME SFX TAKEN FROM AGE OF EMPIRES II

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#Taxes #history #taxhavens #panamapapers #finance

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