Super Rich Hide $21 Trillion Offshore, Study Says - Forbes

Super Rich Hide $21 Trillion Offshore, Study Says - Forbes:
The report’s analysis, based on data from many sources including the Bank of InternationalSettlements and the International Monetary Fund, indicates that enough money has left some developing countries since the 1970s to pay off all their debts to the rest of the world. “The problem here is that the assets of these countries are held by a small number of wealthy individuals while the debts are shouldered by the ordinary people of these countries through their governments,” the report says.Money has especially flowed out of oil producing states. Some $700 billion has left Russia since the 1990s: $305 billion has flowed out of Saudi Arabia since the 1970s, and about the same amount from Nigeria.
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