At least $21trn of unreported private wealth was being hidden in secret tax havens at the end of 2010 by the world's super rich, a major study has revealed.
A report from the Tax Justice Network, by former McKinsey & Co chief economist James Henry, said the sum was equivalent to the size of the US and Japanese economies combined. The Price of Offshore Revisited...
Payouts fell by 44% in 2020
12-month CPI inflation rate rises to 0.6%
Standard Life adviser survey
Sights set on 2% inflation target
Managers plea for clarity over passporting rights
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
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