The global money shuffle

As reported by the BBC:

A global super-rich elite had at least $21 trillion (£13tn) hidden in secret tax havens by the end of 2010, according to a major study...

The Price of Offshore Revisited was written by James Henry, a former chief economist at the consultancy McKinsey, for the Tax Justice Network. ..

Mr Henry said his $21tn is actually a conservative figure and the true scale could be $32tn...  Mr Henry used data from the Bank of International Settlements, International Monetary Fund, World Bank, and national governments. His study deals only with financial wealth deposited in bank and investment accounts, and not other assets such as property and yachts...

Mr Henry said that the super-rich move money around the globe through an "industrious bevy of professional enablers in private banking, legal, accounting and investment industries...