Despite the very clear warning, the lesson in the final paragraph is virtually always forgotten.https://twitter.com/phdskat/status/871985906693144576 …
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Replying to @nairobiny
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@gabriel_zucman estimates though that 40% of the wealthiest 0.1% of Norwegian households hid 50% of their wealth...@phdskat1 reply 0 retweets 1 like -
Don't think that's right Maya? <1% of top 0.1% had undisclosed HSBC/Panama accounts, ~10% used NO/SE amnesties. But 30% of wealth evaded.
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Hmm, yes there it is in black and white. Let me re-read...
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I think idea is HSBC only small part of Sw market, Sw only part of offshore. So 1% hv HSBC accounts, but scale up for other places to hide
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Replying to @MForstater @phdskat and
Most significant finding I think is that 95% of HSBC accounts undeclared -- if representative suggests 'everyone at it' amongst scandi-rich
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