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    Like Mitt Romney, the world’s super rich are hiding at least $21 trillion offshore →

    CBS News“With about 55,000 inhabitants, the Cayman Islands should not be a well-known name in the rest of the world, but the tiny Caribbean territory has become famous as a tax haven for the world’s super rich. According to a new report, the Caymans – along with the other dozen or so international havens for wealth like Switzerland and Bermuda – are the holders of so much of the world’s capital, entire regional economies could be moved on it. The Tax Justice Network has just released a report estimating that the world’s tax havens house anywhere from $21 trillion to $32 trillion of money that governments cannot tax.” 

    It has been revealed that Mitt Romney keeps part of his fortune in all three tax havens mentioned above: the CaymansSwitzerland, and Bermuda. And he wants to be president.

    — 2 years ago with 2 notes
    #1. tax cuts for the rich  #2. austerity for the rest of us  #class war  #income redistribution  #Mitt Romney  #news  #politics  #Republican Party  #Tea Party  #unemployment  #vote!  #war on the middle class  #bermuda  #caymans  #hiding money  #international tax havens  #not like us  #one percent  #plutocracy  #Switzerland  #tax free money  #tax havens  #the world's wealthy 
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