​Which Countries Are Stashing The Most Wealth Offshore? – Tyler Durden

Which Countries Are Stashing The Most Wealth Offshore? Individuals and corporations send money abroad for various reasons, including seeking better investment opportunities, minimizing tax burdens, and protecting their wealth in low-tax or no-tax jurisdictions. This graphic, via Visual Capitalist’s Bruno Venditti, shows the top 10 countries that owned the most offshore financial wealth in 2022, according to data from the Atlas of the Offshore World. Chinese Hold Over $2 Trillion Abroad Chinese mainland businesses and individuals hold over $2 trillion abroad, nearly matching Mexico’s GDP. Hong Kong is a top destination for Chinese corporations and individuals conducting offshore operations. Meanwhile, the…  — Continue at ZeroHedge News : Read More