Gabriel Zucman > Quotes

“So today the majority of Swiss bank customers are Europeans, who for the most part control their assets through trusts and shell corporations domiciled in the British Virgin Islands, which provide them with the same level of anonymity as in the time of numbered accounts.”
― Gabriel Zucman, The Hidden Wealth of Nations: The Scourge of Tax Havens

“According to Zucman, the key step should be the creation of a worldwide register of financial wealth, recording who owns what in stocks and bonds.”
― Gabriel Zucman, The Hidden Wealth of Nations: The Scourge of Tax Havens

“The large and rising offshore wealth translates to substantial losses in fiscal revenue. By my estimate, the fraud perpetuated through unreported foreign accounts each year costs about $200 billion to governments throughout the world (see fig.”
― Gabriel Zucman, The Hidden Wealth of Nations: The Scourge of Tax Havens

“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.”
― Gabriel Zucman, The Hidden Wealth of Nations: The Scourge of Tax Havens

“According to his benchmark estimate, which should be viewed as a lower bound, around 8% of the world’s financial wealth is held in tax havens.”
― Gabriel Zucman, The Hidden Wealth of Nations: The Scourge of Tax Havens