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Super Rich Have $32 Trillion Offshore
Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published Sunday by the Tax Justice Network. The research estimates that since the 1970s, the richest citizens of 139 countries amassed $7.3 to $9.3 trillion of "unrecorded offshore wealth" by 2010.