Summary of Tax Evasion and Inequality

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

Tax Evasion and Inequality summary
Start getting smarter:
or see our plans

Rating

9

Qualities

  • Analytical
  • Eye Opening
  • Innovative

Recommendation

Politicians decry the inequality gap between the wealthy and the vast majority of income earners. But according to this erudite report by professors Annette Alstadsæter, Niels Johannesen and Gabriel Zucman, one reason the rich are growing richer is tax evasion. The authors uncover substantial evidence, some of it from the leaked Panama Papers, that wealthy individuals are fairly aggressive in their tax evasion schemes. The researchers advise public authorities to target these activities to improve income inequality while rectifying tax revenue imbalances. 

About the Authors

Annette Alstadsæter is a professor at the Norwegian University of Life Sciences. Niels Johannesen is a professor at the University of Copenhagen. Gabriel Zucman is an assistant professor at the University of California, Berkeley.

 

Summary

The economic, political and social implications of wealth and income inequality are growing. Policy experts assessing the causes of inequity are increasingly looking to tax evasion by the wealthy as a fundamental cause of the wealth and income gap. In conjunction with existing financial and tax data in the advanced economies of Norway, Sweden, and Denmark, the explosive details of the Swiss Leaks and Panama Papers scandals reveal the intricacies of offshore financial havens and wealth secrecy schemes.

While the rate of tax evasion in these nations averages about 3%, the “ultra-wealthy” – ...


More on this topic

By the same authors

Economics After Neoliberalism
8
Economic Growth in the US
9
The Hidden Wealth of Nations
8

Customers who read this summary also read

Game-Changers and Whistle-Blowers
9
Prosperity and Justice
8
Global Inequality
9
World Economic Outlook April 2017
7
The Science Is In: Greater Equality Makes Societies Healthier
9
Is the Solution to Extreme Wealth Inequality Really – Alaska?
9

Related Channels

Comment on this summary