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Widespread use of offshore finance by corporations and the world's wealthy. reporters are still uncovering all details, but so far the files include the names of 4,000 americans who are keeping their wealth offshore. how much wealth? the tax justice network estimates that $21 trillion are being held in offshore tax havens, for the millions of landlocked, law-abiding americans burdened with the mundane reality of having to pay into the system. the offshore system is a striking image of the imbalance. [ male announcer ] this is bob,

Caribbean. i'm talking you examine what tax havens really are, you will inevitably come to the conclusion that the places of city of london, luxembourg, the netherlands, ireland, huge tax havens, the biggest parts of the offshore system, not to mention the united states itself. so wall street if it doesn't like certain restrictions on its behavior, it will go off to london and do them. this is one of the reasons we've had banks growing so huge and too big to fail because they've been able to grow much faster than the supposedly on shore economy by going offshore and doing all of the things tha...