by Summary:
The Economist reports about a study by Annette Alstadsæter, Niels Johannesen and Gabriel Zucman who matched leaked information from Swiss banks and Panamanian shell companies with Scandinavian wealth records. Their findings: Tax evasion is progressive. The average / top 1% / top 0.01% Scandinavian household paid 3% / 10% / 30% fewer taxes than it should. Accordingly, estimates of wealth inequality (based on tax data) likely underestimate the degree of inequality.
Topics:
Dirk Niepelt considers the following as important: Bank secrecy, inequality, Notes, Panama, Scandinavia, Switzerland, Tax, Tax evasion, Wealth inequality
This could be interesting, too:
The Economist reports about a study by Annette Alstadsæter, Niels Johannesen and Gabriel Zucman who matched leaked information from Swiss banks and Panamanian shell companies with Scandinavian wealth records. Their findings: Tax evasion is progressive. The average / top 1% / top 0.01% Scandinavian household paid 3% / 10% / 30% fewer taxes than it should. Accordingly, estimates of wealth inequality (based on tax data) likely underestimate the degree of inequality.
Topics:
Dirk Niepelt considers the following as important: Bank secrecy, inequality, Notes, Panama, Scandinavia, Switzerland, Tax, Tax evasion, Wealth inequality
This could be interesting, too:
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The Economist reports about a study by Annette Alstadsæter, Niels Johannesen and Gabriel Zucman who matched leaked information from Swiss banks and Panamanian shell companies with Scandinavian wealth records. Their findings:
- Tax evasion is progressive. The average / top 1% / top 0.01% Scandinavian household paid 3% / 10% / 30% fewer taxes than it should.
- Accordingly, estimates of wealth inequality (based on tax data) likely underestimate the degree of inequality.