Super-Rich Hide $3.55 Trillion Offshore, Oxfam Says
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oxfam reveals the global super-rich stash up to $3.55 trillion offshore, totaling $13.25 trillion by 2023. Eighty percent of this hidden wealth, $2.84 trillion, likely belongs to the top 0.1% households, matching the total wealth of the poorest half of the world. Oxfam calls for a global wealth tax, loophole closure, and poorer countries inclusion in info-sharing systems. In the UK, Labours tax reforms face criticism, while Parliament slams tax officials for not tracking billionaire numbers. The fight for fairness intensifies.
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