Secret Global Offshore Banking Scheme Exposed!

Former chief economist, and a board member of the Tax Justice Network, James S. Henry’s research reveals that an estimated $21 trillion to $32 trillion in private financial wealth is tucked away in offshore havens, roughly equivalent to the size of the U.S. and Japanese economies combined. These offshore havens are managed by the world’s 50 largest “private banks” –considered legal and legitimate-, and their coffers grew from $5.4 trillion in 2005 to more than $12 trillion in 2010. Now, twelve diligent and patient journalists of International Consortium of Investigative Journalists (ICIJ) organization, and 86 journalists from 46 countries, sifting…