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davypiza 's review for:
The Hidden Wealth of Nations: The Scourge of Tax Havens
by Gabriel Zucman
"In the end, the taxes that are evaded have to be compensated for by higher taxes on the law-abiding, often middle class households, in the United States, Europe and developing countries. Nothing in the logic of free exchange justifies this theft."
"...my calculations indicate that globally around 8% of households financial wealth is held in tax havens."
"...in relative terms, it is developing countries that are most affected (by tax evasion). For them the fraction of wealth held abroad is considerable, ranging from 20 to 30 percent in many African and Latin American countries and as much as 50 percent in Russia."
Gabriel Zucman
"...my calculations indicate that globally around 8% of households financial wealth is held in tax havens."
"...in relative terms, it is developing countries that are most affected (by tax evasion). For them the fraction of wealth held abroad is considerable, ranging from 20 to 30 percent in many African and Latin American countries and as much as 50 percent in Russia."
Gabriel Zucman