Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | World&#039;s super-rich hold $32 trillion in offshore tax havens    </title>
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-Reuters





Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.&nbsp;





The study estimating the extent of..."/>
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-Reuters





Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.&nbsp;





The study estimating the extent of..." />
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                            <div style="text-align: justify">-Reuters</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The research was carried out for pressure group Tax Justice Network, which campaigns against tax havens, by James Henry, former chief economist at consultants McKinsey &amp; Co. He used data from the World Bank, International Monetary Fund, United Nations and central banks.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report also highlights the impact on the balance sheets of 139 developing countries of money held in tax havens by private elites, putting wealth beyond the reach of local tax authorities. The research estimates that since the 1970s, the richest citizens of these 139 countries had amassed $7.3 to $9.3 trillion of &quot;unrecorded offshore wealth&quot; by 2010.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Private wealth held offshore represents &quot;a huge black hole in the world economy,&quot; Henry said in a statement.</div><div style="text-align: justify"><br /></div>                                                           
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        LATEST NEWS UPDATES | World&#039;s super-rich hold $32 trillion in offshore tax havens    </title>
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-Reuters





Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.&nbsp;





The study estimating the extent of..."/>
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-Reuters





Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.&nbsp;





The study estimating the extent of..." />
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    <h1 class="cat-box-title">World&#039;s super-rich hold $32 trillion in offshore tax havens</h1>
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                            <div style="text-align: justify">-Reuters</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The research was carried out for pressure group Tax Justice Network, which campaigns against tax havens, by James Henry, former chief economist at consultants McKinsey &amp; Co. He used data from the World Bank, International Monetary Fund, United Nations and central banks.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report also highlights the impact on the balance sheets of 139 developing countries of money held in tax havens by private elites, putting wealth beyond the reach of local tax authorities. The research estimates that since the 1970s, the richest citizens of these 139 countries had amassed $7.3 to $9.3 trillion of &quot;unrecorded offshore wealth&quot; by 2010.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Private wealth held offshore represents &quot;a huge black hole in the world economy,&quot; Henry said in a statement.</div><div style="text-align: justify"><br /></div>                                                           
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        LATEST NEWS UPDATES | World&#039;s super-rich hold $32 trillion in offshore tax havens    </title>
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Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.&nbsp;





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-Reuters





Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.&nbsp;





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    <h1 class="cat-box-title">World&#039;s super-rich hold $32 trillion in offshore tax havens</h1>
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                            <div style="text-align: justify">-Reuters</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The research was carried out for pressure group Tax Justice Network, which campaigns against tax havens, by James Henry, former chief economist at consultants McKinsey &amp; Co. He used data from the World Bank, International Monetary Fund, United Nations and central banks.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The report also highlights the impact on the balance sheets of 139 developing countries of money held in tax havens by private elites, putting wealth beyond the reach of local tax authorities. The research estimates that since the 1970s, the richest citizens of these 139 countries had amassed $7.3 to $9.3 trillion of &quot;unrecorded offshore wealth&quot; by 2010.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Private wealth held offshore represents &quot;a huge black hole in the world economy,&quot; Henry said in a statement.</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/world/rest-of-world/Worlds-super-rich-hold-32-trillion-in-offshore-tax-havens/articleshow/15095957.cms" class="re" target="_blank">The Times of India, 22 July, 2012, http://timesofindia.indiatimes.com/world/rest-of-world/Worlds-super-rich-hold-32-trillion-in-offshore-tax-havens/articleshow/15095957.cms</a><div class="clear"></div>
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Home हिन्दी

World's super-rich hold $32 trillion in offshore tax havens

Published on Jul 23, 2012   Modified on Jul 23, 2012

-Reuters Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.  The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.  The research was carried out for pressure group Tax Justice Network, which campaigns against tax havens, by James Henry, former chief economist at consultants McKinsey & Co. He used data from the World Bank, International Monetary Fund, United Nations and central banks.  The report also highlights the impact on the balance sheets of 139 developing countries of money held in tax havens by private elites, putting wealth beyond the reach of local tax authorities. The research estimates that since the 1970s, the richest citizens of these 139 countries had amassed $7.3 to $9.3 trillion of "unrecorded offshore wealth" by 2010.  Private wealth held offshore represents "a huge black hole in the world economy," Henry said in a statement.

The Times of India, 22 July, 2012, http://timesofindia.indiatimes.com/world/rest-of-world/Worlds-super-rich-hold-32-trillion-in-offshore-tax-havens/articleshow/15095957.cms

Tagged with: black money

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• 135 Million Indians Exited “Multidimensional" Poverty as per Government...
• Explainer: Why are Tomato Prices on Fire?
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Im4Change.org हिंदी वेबसाइट का परिचय. Short Video on im4change.org...

"Session 1: Scope of IDEA and AgriStack" in Exploring...

"Session 2: Farmer Centric Digitalisation in Agriculture" in Exploring...

"Session 3: Future of Digitalisation in Agriculture" in Exploring...

• Public Spending on Agriculture in India (Source: Foundation for...
• Agrarian Change Seminar: 'Protests against the New Farm Laws...
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