Collecting the Pirate Booty

Henry, James S.
July 2010
Forbes Asia;Jul2010, Vol. 6 Issue 8, p20
The article presents the author's comments on the taxation of offshore private wealth. The author estimates 15-20 trillion dollars of untaxed private wealth sitting offshore in bank accounts, brokerage accounts and hedge fund portfolios. The author believes that the money collected by taxing such private wealth could be used to help pay governments unpaid bills for debt service, retirement insurance and health care.


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