Surely @worstall isn't right that @gabriel_zucman simply assumes all offshore income/gains is untaxed? http://www.timworstall.com/2017/11/08/were-going-to-have-to-call-this-the-zucman-leap/ …
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Why does he assume only 75% non-dom? I’d expect much higher given that the UHNW will swamp the data, and are very rarely UK resident and UK domiciled.
Heres where the 80% assumption comes from (P3) http://gabriel-zucman.eu/files/Zucman2014JEPAppendix.pdf … . He finds that 80% of holdings of EU residents w Swiss a/c neither declared to home, nor paid the WH tax. I don't get it. How?
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He's measured how many tell the Swiss. Not how many tell their own tax people....
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I don't think that can be right? Ppl had to either show a certificate to the Swiss or pay the WH tax. Maybe something else he's missing about the Swiss stats? http://europa.eu/rapid/press-release_MEMO-05-228_en.htm?locale=en …
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