Money | inequality World's Richest Hiding $21 Trillion From Taxman Top 0.001% alone account for $10 trillion By Mark Russell Posted Jul 23, 2012 3:35 AM CDT Updated Jul 23, 2012 5:30 AM CDT Copied Up to $32 trillion is hidden in tax havens around the world, according to a new report by the Tax Justice Network. (Shutterstock) While Democrats and Republicans argue about who should get tax cuts in America—those making $250,000 a year or $1 million annually—the really, really megarich are hiding some real money around the world in tax havens and sheltered offshore accounts reports the Guardian. In fact, at least $21 trillion (and up to $32 trillion) is stashed in offshore accounts around the world, according to a new report by the Tax Justice Network. And while about 10 million people have offshore assets, the top 92,000 of them—0.001% of the world's population—account for some $10 trillion of those funds. "These estimates reveal a staggering failure: Inequality is much, much worse than official statistics show,” the head of the Tax Justice Network is quoted as saying in the New York Daily News. Read These Next Trump, Johnson aren't happy with pick for Super Bowl headliner. It's being called a disturbing trend: paragliders with bombs. Feds cite ChatGPT evidence in arrest of Palisades Fire suspect. Felix Baumgartner's death attributed to his own error. Report an error