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Wednesday, May 22, 2013

Fact of the Day

According to Oxfam's estimates, almost $18.5 trillion is being held for individuals in tax havens, one third of it in British Overseas Territories and crown dependencies.


The charity said that even on conservative assumptions, the $18.5 trillion would yield $156 billion to tax authorities around the world, whilst the cost of providing every person on earth with an income of $1.25 a day would be $66 billion.

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