Offshore Tax Evasion and Wealth Inequality: Evidence from a Tax Amnesty in the Netherlands

Wouter Leenders, Arjan Lejour, Simon Rabaté () and Maarten van 't Riet ()
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Simon Rabaté: CPB Netherlands Bureau for Economic Policy Analysis
Maarten van 't Riet: CPB Netherlands Bureau for Economic Policy Analysis

No 417, CPB Discussion Paper from CPB Netherlands Bureau for Economic Policy Analysis

Abstract: As long as there have been taxes, people have tried to avoid and evade them. Interest in these phenomena has been fueled by the effects on public revenues, as well as on the distribution of wealth and income. One prominent example of tax evasion is the hiding of wealth and income in tax havens. According to estimates by Zucman (2013), 8% of global financial wealth, or $5.9 trillion, is held in tax havens. During the global financial crisis of the late 2000s, the G20 countries vowed to tackle offshore tax evasion and proclaimed the end of the “era of banking secrecy”. In recent years, leaks containing confidential information from financial institutions as well as academic research investigating leaks and tax amnesties have confirmed the popular narrative that tax evasion is concentrated among the wealthiest in society (Alstadsæter, Johannesen and Zucman, 2018, 2019). This does not only affect public revenues, but also the measurement of wealth and income inequality. We use unique microdata to study tax evasion in the Netherlands. We have received data on over 27,000 participants to the Dutch tax amnesty between the years 2002 and 2018. In addition, we have data on households who appeared in recent information requests to 4 different Swiss banks. We link these data to administrative data on income, wealth, and demographics covering the entire Dutch population.

JEL-codes: E21 H26 H87 (search for similar items in EconPapers)
Date: 2020-10
New Economics Papers: this item is included in nep-eec, nep-isf, nep-iue, nep-mac and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Offshore tax evasion and wealth inequality: Evidence from a tax amnesty in the Netherlands (2023)
Working Paper: Offshore tax evasion and wealth inequality: Evidence from a tax amnesty in the Netherlands (2023)
Working Paper: Offshore Tax Evasion and Wealth Inequality: Evidence from a Tax Amnesty in the Netherlands (2020)
Working Paper: Offshore Tax Evasion and Wealth Inequality: Evidence from a Tax Amnesty in the Netherlands (2020)
Working Paper: Offshore Tax Evasion and Wealth Inequality: Evidence from a Tax Amnesty in the Netherlands (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:cpb:discus:417

DOI: 10.34932/tx42-by30

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