Oxfam International

Untaxed wealth hidden offshore by richest 0.1% surpasses entire wealth of the poorest half of humanity

Wealth largely absent from IMF tax guidance, benefiting the rich

Guardian

Global super-rich may have hidden $3.55tn from tax officials, says Oxfam

Press

Concluding Its Session, Second Committee Approves 4 Resolutions, 2 Decisions, including Texts on Tax Cooperation, Affordable Energy Access

United Nations

Intergovernmental Negotiations for UN Framework Convention on International Tax Cooperation

ICIJ

About the investigation: The Panama Papers

It's time to end extreme inequality

PROFITING FROM PAIN The urgency of taxing the rich amid a surge in billionaire wealth and a global cost-of-living crisis

Cato

The Return of the Wealth Tax, Evidence Against Them Is Stronger Than Ever

The Japan Times

Wealth taxes dont work no matter where theyre imposed

Oxfam

Metaculus

5Y After Agi Universal Basic Income

The Panama Papers, published 10 years ago, exposed offshore holdings linked to more than 214,000 companies connected to people in over 200 countries, drawing on 11.5 million leaked files from Panamanian law firm Mossack Fonseca.

The Panama Papers, published 10 years ago, exposed offshore holdings linked to more than 214,000 companies connected to people in over 200 countries, drawing on 11.5 million leaked files from Panamanian law firm Mossack Fonseca.

Oxfam estimates that $3.55 trillion in untaxed wealth was held offshore in 2024, a sum exceeding France's GDP and more than twice the combined GDP of the world's 44 least developed countries.

Oxfam estimates that $3.55 trillion in untaxed wealth was held offshore in 2024, a sum exceeding France's GDP and more than twice the combined GDP of the world's 44 least developed countries.

The richest 0.1% of households holds an estimated 80% of all untaxed offshore wealth, roughly $2.84 trillion — an amount equivalent to the total wealth of the poorest half of the global population.

The richest 0.1% of households holds an estimated 80% of all untaxed offshore wealth, roughly $2.84 trillion — an amount equivalent to the total wealth of the poorest half of the global population.

The UN's Second Committee approved a resolution on international tax cooperation by 125 votes to 9 in 2024, with the U.S. expressing concern the work would "duplicate existing intergovernmental negotiations in other fora."

The UN's Second Committee approved a resolution on international tax cooperation by 125 votes to 9 in 2024, with the U.S. expressing concern the work would "duplicate existing intergovernmental negotiations in other fora."

Negotiations on a UN Framework Convention on International Tax Cooperation are scheduled across six Intergovernmental Negotiating Committee sessions between August 2025 and late 2026, with a final text submission expected in 2027.

Negotiations on a UN Framework Convention on International Tax Cooperation are scheduled across six Intergovernmental Negotiating Committee sessions between August 2025 and late 2026, with a final text submission expected in 2027.

Oxfam analysis found that just 3% of over 1,000 IMF tax recommendations made between 2022 and 2024 focused on taxing wealth, while 59% of advice to low- and lower-middle-income countries was regressive.

Oxfam analysis found that just 3% of over 1,000 IMF tax recommendations made between 2022 and 2024 focused on taxing wealth, while 59% of advice to low- and lower-middle-income countries was regressive.

Oxfam International #

Guardian #

Press #

United Nations #

ICIJ #

Cato #

The Japan Times #

Oxfam #

Metaculus #

Panama Papers at 10: $3.55T Offshore Wealth Untaxed

Taxation

Tax evasion

Panama Papers at 10: $3.55T Offshore Wealth Untaxed

Panama Papers at 10: $3.55T Offshore Wealth Untaxed

Sign Up for Our Free NewslettersSign Up for Our Free Newsletters

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters