“The amount of untaxed wealth hidden offshore by the richest 0.1 percent exceeds the entire wealth of the poorest half of humanity (4.1 billion people), according to a new Oxfam analysis published on April 2, 2026, ahead of the 10th anniversary of the Panama Papers.

The findings show that, a decade later, the super-rich continue to exploit offshore systems to evade taxes and conceal assets, highlighting the urgent need for coordinated international action to tax extreme wealth and end the use of tax havens.

An amount of $3.55 trillion in untaxed wealth was stashed offshore in tax havens and unreported accounts in 2024, according to Oxfam’s estimates. “This sum exceeds the GDP of France and is more than twice the combined GDP of the world’s 44 least developed countries,” a statement by Oxfam noted.“

https://www.downtoearth.org.in/governance/untaxed-wealth-hidden-offshore-by-richest-01-surpasses-entire-wealth-of-the-poorest-half-of-humanity-oxfam

#TaxHavens #Offshores #TaxEvasion #Inequality

Life is a series of opportunity costs. When we walk through one door, we slam shut others.

The flip side of this is that each choice will inevitably result in some form of regret.

Your mind will process it linearly, your life feels like a series of wins and losses.

What you don't process is that, life being a sequence of options, losses are inevitable.

Regret is baked into all our choices, you cannot avoid it.

Pick the regret you can live with. ♥️