So, the global movement for income accountability grows.
Hong Kong’s Ming Pao reports today, the Tax Justice Network, an independent institute established by the British parliament, published a report stating, according to its conservative estimate, by the end of 2010, “global super-rich elite had at least $21 trillion hidden in secret tax havens.”
The report deals with tax evasion and calls on various countries to close tax loopholes. However, China is entirely a different case. The transfers have mainly been made by corrupt officials and their family members to hide their ill-gotten wealth.
There have been rumours in the foreign media that Bo Xilai’s wife Gu Kailai has transferred $1 billion abroad, and she murdered British businessman Neil Heywood for fear…
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