Agent Steel wrote:
This is mostly wrong information.
Do you have any idea how much Bill Gates pays in taxes? He has paid tens of billions of dollars.
The guy from Amazon I don't know much about sorry. Maybe he is an exception.
'That one guy from Amazon', owns everyone's *lunch*.
Price of Offshore: Revisited (2012–2014)
A notable study on the financial effect was Price of Offshore: Revisited in 2012–2014, by former McKinsey & Company chief economist James S. Henry. Henry did the study for the Tax Justice Network (TJN), and as part of his analysis, chronicled the history of past financial estimates by various organisations.
Henry used mainly global banking data from various regulatory sources to estimate that:
USD 21 to 32 trillion of global assets (over 20% of global wealth) "has been invested virtually tax-free [..] in more than 80 offshore secrecy jurisdictions";
USD 190 to 255 billion in annual tax revenues are lost due to i. above;
USD 7.3 to 9.3 trillion is represented by individuals from a subset of 139 "low to middle income" countries for which data is available;
These figures only include "financial assets" and do not include assets such as Real Estate, precious metals etc.