Offshore tax avoidance or evasion is nearly the exclusive preserve of the global elite. Eighty percent of all offshore wealth belongs to the top 0.1% of earners worldwide, while 50% belongs to the even smaller group of the top 0.01%. We wonder: Which set of countries has more than half of its GDP in offshore tax havens?
A. Russia, China and India
B. United States and Mexico
C. Spain, Italy, France, Germany and the UK
D. United Arab Emirates, Venezuela and Saudi Arabia Continue reading →
There are at least 7,102 known languages still spoken in the world today. Many of these languages are spoken only by a very small number of people and may become extinct soon. We wonder: How many languages are spoken as a mother tongue by at least 50 million people?
Ever since 2009, China has been the world’s largest exporter. Its total exports are equal to just under 20% of its economy. We wonder: Which of the following major economies is closest to China’s level on a percentage basis?