Gabriel Zucman: Tax Havens-How the 1% steal 1 trillion dollars?



After Thomas Piketty’s “Capital in the 21st century” Gabriel Zucman’s  book : “The Hidden Wealth of Nations” is the next major contribution to the analysis of growing income inequality in the world.

Gabriel Zucman, Professor of Economics at UC Berkeleyhas found a way to measure the dramatic increase of tax evasion by studying the difference between the financial liabilities around the world and the reported financial assets. He has discovered that if you add up all the world’s reported liabilities they are about $6 trillions higher than the reported assets. The missing assets have been hidden in tax havens countries

After quantifying the problem, Gabriel Zucman suggests different solutions:  a central global register of the owners of the world’s wealth,  a taxation system for companies based on real factors like where the sales or employees are,  imposing tariffs or similar sanctions on tax havens that resist reform.

The book has been translated in more than 15 countries. It has been reviewed by most of the famous newspapers in the world (Financial Times, Wall Street Journal, Le Monde, The Guardian, etc.) and recommended by prominent economist such as Thomas Piketty, Paul Krugman.