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 →
The debate about economic inequality is becoming ever more prominent, whether in the U.S. presidential race or in the rest of the world. We wonder: In terms of net wealth, what is the number of individuals that collectively hold the same amount of wealth as the poorest 50% of the world population?
A. 20 people
B. 62 people
C. 400 people
D. 12 million people