Updated Tax Evasion Figures: Lifestyles of the Rich and Fraudulent.

An explosive new report from the Bureau of Economic Research just landed, and it seems that no one in the media or political class cares. The report pulls together findings from new domestic regulations related to offshore banking and revelations from a treasure trove of documents leaked in the Pandora Papers. The Bureau estimates that billionaires are now holding nearly $4 trillion in assets in offshore accounts, an increase of nearly $1 trillion since the last estimate was published. And it’s likely a good deal more than this. Chapters Intro: 00:00:44 Chapter One: The Magnitude of the Problem. 00:02:52 Chapter Two: Leak. Uncover. Match. Report. 00:10:45 Chapter Three: Assessing the impact. 00:15:11 Post Show Musings: 00:21:57 Outro: 00:33:15 Resources Oxfam: Richest 1% bag nearly twice as much wealth as the rest of the world put together over the past two years Investopedia: The Tax Implications of Opening a Foreign Bank Account NBER: The Offshore World According to FATCA Vox: Biden’s billionaire tax proposal, explained ICIJ: Where are the key Panama Papers figures, seven years later? WTTW: A Growing Worry for Charities: Tax Havens for the Rich OpenSecrets: ‘Dark money’ groups aligned with party leadership steer hundreds of millions of dollars into 2022 federal elections Tax Policy Center: Biden’s Budget Would Raise Taxes On High-Income Households, Cut Them For Many Others United States Senate Committee on Finance: Wyden Investigation Uncovers Major Loophole In Offshore Account Reporting IMF: The True Cost of Global Tax Havens Mirror Online: Rishi Sunak accepted £60,000 from donors linked to offshore tax havens for leadership bid POLITICO: Liberal 'dark-money' behemoth funneled more than $400M in 2020 UNFTR Resources Episode: Modern Monetary Theory: Can we afford it? Yes. Yes, we can. Episode: Corporate (Ir)Responsibility: Part One: Financial Fuckery and Tax Evasion. -- If you like the pod version of #UNFTR, make sure to check out the video version on YouTube where Max shows his beautiful face! www.youtube.com/@UNFTR Please leave us a rating and review on Apple Podcasts: unftr.com/rate and follow us on Facebook, Twitter and Instagram at @UNFTRpod. Visit us online at unftr.com. Join the Unf*cker-run Facebook group: facebook.com/groups/2051537518349565 Buy yourself some Unf*cking Coffee® at shop.unftr.com. Subscribe to Unf*cking The Republic® at unftr.com/blog to get the essays these episode are framed around sent to your inbox every week. Check out the UNFTR Pod Love playlist on Spotify: spoti.fi/3yzIlUP. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility. Unf*cking the Republic® is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is written and hosted by Max and distributed by 99. Podcast art description: Image of the US Constitution ripped in the middle revealing white text on a blue background that says, "Unf*cking the Republic®."Support the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.