Billionaires flee havens as trillions pursued offshore

April 30, 2013 at 01:48 PM
Share & Print

Billionaires shuffling their money and assets around the globe through shadowy offshore holding companies and trusts, long ignored by many governments and encouraged in some locations to the extent that being a tax haven is the country's primary economic engine, could be changing soon. But some say this is not just about maneuvering around taxes but rather an exercise in privacy.