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Monday, June 16, 2014

Canada is not exempt from this abuse by the ultra rich..... Harper would just rather ignore the facts rather than arrest his financiers.

Wealth doesn't trickle down – it just floods offshore, research reveals

A far-reaching new study suggests a staggering $21tn in assets has been lost to global tax havens. If taxed, that could have been enough to put parts of Africa back on its feet – and even solve the euro crisis

"The sheer scale of the hidden assets held by the super-rich also suggests that standard measures of inequality, which tend to rely on surveys of household income or wealth in individual countries, radically underestimate the true gap between rich and poor"

http://www.theguardian.com/business/2012/jul/21/offshore-wealth-global-economy-tax-havens

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