By Lee H. Y.
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Additional resources for A facile tandem radical cyclization route to propellanes and its application to a total synthesis of modhephene
But the assets managed in Switzerland from the 1980s to the present have continued to increase more quickly than the private 24 A C e n t u r y o f Offsh o r e F i n a n c e financial holdings on the Continent, even if only slightly. 3 trillion. 3 trillion belongs to Europeans, or the equivalent of 6% of the financial holdings of EU households. According to my calculations, this is the highest level in history. The death knoll of Swiss banks is thus premature: they have never been as healthy as they are today.
The United States, for example, does not disclose the assets held in Florida banks by, say, Latin American residents. 14 According to the latest available data, foreign households have $370 billion in the Grand Duchy. This is less than in Switzerland, but Luxembourg—with half a million inhabitants and with an annual income of about $35 billion—is a very small country. In any case, apart from Switzerland and Luxembourg, offshore wealth cannot be directly measured today. Second, the indirect sources of information that I use to bridge this gap—the international investment positions of countries—have known issues, and therefore my estimate involves a margin of error, as is the case with any attempt to capture the unreported economy.
The financial wealth of households is the sum of all the bank deposits, portfolios of stocks and bonds, shares in mutual funds, and insurance contracts held by individuals throughout the world, net of any debt. 5 trillion. 6 trillion, is held in accounts located in tax havens. This is a large sum. As a point of comparison, the total public debt of Greece—which plays a central role in the current European crisis—is about $350 billion. 3 trillion—or close to a third of the total amount of offshore wealth.
A facile tandem radical cyclization route to propellanes and its application to a total synthesis of modhephene by Lee H. Y.