The amount of untaxed wealth hidden offshore by the richest zero- point one percent exceeds the entire wealth of the poorest half of humanity (4.1 billion people). This is according to new Oxfam analysis published ahead of the 10th anniversary of the Panama Papers.

The findings show that, a decade later, the super-rich continue to exploit offshore systems to evade taxes and conceal assets, highlighting the urgent need for coordinated international action to tax extreme wealth and end the use of tax havens.

Oxfam estimates that over three trillion US dollars in untaxed wealth was stashed offshore in tax havens and unreported accounts in 2024.

Peter Ndoro Spoke to  Oxfam International's Tax Lead Christian Hallum.