All posts tagged “tax evasion

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Tax Evasion by the 1% (of the 1%)

This graph, made and based in research by economists Annette Alstadsæter, Niels Johannesen, Gabriel Zucman, shows that in Scandinavian countries the top  1% – or even: the top 1% of the top 1% – manages to evade up to some 25% of the taxes owed, while the average is a mere 2.8%. The superrich can conceal their assets and income. These results are based audits conducted randomly by tax authorities and new data leaked, e.g. from HSBC Switzerland (the ‘Swiss leaks’). (source)