Assertion: bank account's fund | /r/CapableOf | assume lower estimate of £13 trillion
Facets:
value: in offshore accounts
type: LOCATION
Source sentences:
text: Assuming even just the lower estimate of £13 trillion on deposit in offshore accounts, if these assets earned an average 3% a year in income for their owners taxable at 30%, then the offshore funds would generate £121 billion in tax revenues, on the assumption that no tax is paid (i.e. no one pays any tax on offshore holdings), and that 100% of those deposits would otherwise have been liable to tax.[further explanation needed]