Anonymousabout 1 hour ago
Global offshore wealth has nearly doubled since the 2008 financial crisis to an estimated $12 trillion, even as governments implemented FATCA, the Common Reporting Standard, and pursued massive data leak investigations. The enforcement gap — $1.36 billion recovered versus an estimated $492 billion lost annually — reveals how capital has migrated from traditional tax havens to onshore secrecy jurisdictions like South Dakota and Delaware, while institutional enablers face minimal structural consequences.