Governments sharing bank details uncover $11 trillion in offshore assets

Summary:
(Reuters) - Tax authorities in nearly 100 countries saw 10 trillion euros (.2 trillion) in offshore assets come to light last year due to the automatic exchange of details for 84 million bank accounts, the OECD said on Tuesday. That marked a sharp increase from 2018 when tax authorities began sharing on an annual basis information like balances and transactions on offshore accounts, uncovering 5 trillion euros in assets previously hidden in 47 million accounts. Reuters  Governments sharing bank details uncover trillion in offshore assets

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.