📢 Following our transition from EUTO to ITO, we’re excited to share that our website has moved to a new address.
🔗 Visit us here: taxobservatory.world
We invite you to explore, bookmark the new link, and stay connected for updates.
🚨Tax evasion is not a law of nature. It is a policy choice.
Today, we publish our first Global #TaxEvasionReport
An unprecedented research collaboration investigating the successes and failures of the fight against tax evasion over the last decade.
📄bitly.ws/Y5Ks
🔵How much taxes do billionaires really pay?
In our first Global #TaxEvasionReport we dedicate an entire section to unpacking why billionaires pay less taxes than ordinary citizens – and how we can change this.
🧵A thread👇
Excited to present our first study!
"Collecting the tax deficit of multinationals: Simulations for the European Union"
Key finding: the European Union would collect €170 billion / year with a 25% minimum tax.
taxobservatory.eu/wp-content/upl…
"Billionaires are very good at structuring their wealth so that it generates little (sometimes zero) taxable income. This is why taxing their income is not enough. We need a wealth tax on billionaires."
🗣️:@gabriel_zucman at the EU Tax Symposium #TaxMix50
Our Global #TaxEvasionReport relies on innovative analysis based on newly accessible tax data.
🔴Today we are proud to announce the publication of our Atlas of the #OffshoreWorld a new database of up-to-date, country-by-country statistics we used to build the report.
🗣️"Tax Evasion is not a law of nature. It is a policy choice".
Last week our Global #TaxEvasionReport was featured in more than 150 newspapers, radios and TVs accross 40 countries.
If you have not read it yet :
taxobservatory.eu/publication/gl…
Meet our director @gabriel_zucman. Gabriel‘s research focuses on the accumulation, distribution, and taxation of global wealth and has renewed the analysis of the macro-distributional implications of globalization. In his books, he writes about social inequality and tax havens.
💥Congratulations to EU Tax Observatory’s Director @gabriel_zucman on winning the 2023 John Bates Clark medal. The award recognises his fundamental contribution to the field of public economics and especially on tax evasion and on economic inequality.
🌐 cutt.ly/Gabriel-Zucman…
Our annual conference in Brussels has started with an opening statement from @gabriel_zucman
The most crucial challenges consist of 3 points:
- improve the design of intl corporate #taxation
- fight against tax evasion
- find new ways of attaining effective tax progressivity
❓To what extent are banks still present in tax havens?
How did their presence change since the introduction of CbCR requirements?
What amount of revenue can countries in Europe collect when a minimum tax rate is introduced?
Read our new report here 👇
taxobservatory.eu/have-european-…
🔵Multinational companies keep shifting profits to tax havens despite major reforms.
In our #TaxEvasionReport we estimate that $1 trillion was moved offshore in 2022 – 35% of multinationals’ foreign profits.
This shifting reduces global corporate tax revenues by 10%.