I'm thinking a lot about what would be a fair way for the govt to raise taxes to part pay for the NHS' promised £20bn boost. #taxtwitter I'd love to hear what you'd do.pic.twitter.com/Os8crn2G6x
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There is considerable current data and analysis held by those two bodies and also the IMF in respect of the value and flow of untaxed revenues/dirty money by region, with hidden untaxed wealth in the trillions. Worth putting your nose in.
No really there isn't! I've put my nose in, and there is v. little data on how much is unreported/untaxed. What gets reported are mainly guesstimates - eg Zucman thinks 80% of offshore wealth is untaxed. But this is hard to believe given CRS etc
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Isn't Zucman's work based mostly (or even entirely) on pre-CRS periods? So either (1) he is wrong; (2) CRS will reap enormous dividends; or (3) gaps in CRS are being exploited to an astonishing degree?
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Yes. His estimate of global undeclared offshore income is based on extrapolating from his interpretation of data on EU holders of Swiss Bank accounts and how they responded to the ESD http://gabriel-zucman.eu/files/JohannesenZucman2014 …pic.twitter.com/AW8nLM0zhp
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