
We published a long rebuttal yesterday to an attack on TJN by two U.S. academics, supported by the lobbying arm of the British tax haven of Jersey, which has publicised it at a conference in London today. The attack focused quite heavily on our 2012 report The Price of Offshore Revisited, which estimated that there is some $21-32 trillion sitting offshore, substantially in conditions of secrecy and low or zero http://www.eta-i.org/provigil.html taxation.
In our rebuttal to the academics we promised to publish a second document today, backing the Price of Offshore Revisited with additional sourcing and information, and further explaining why we think our 2012 estimates were conservative.
This second document, containing a wealth of data, sources and analysis, is now available.
To read it, please click here.
We will post this permanently on our reports page. Feedback, as always, is most welcome.
Related articles

Public finance is feminist terrain

New Tax Justice Network reports on real estate transparency
Beneficial Ownership of Real Estate Around the World
7 July 2026
Integrating the Collection, Use and Exchange of Real Estate Ownership Information
7 July 2026

Four definitions to change the world: Struggles over meaning in the UN tax convention negotiations

Introducing the Real Estate Secrecy Index

Indicator deep dive: Golden Visas

Finally, the European Court of Justice cracks down on trusts

Financial secrecy has entered the EU AML rulebook. What comes next?

