Wouldn't this mostly be because tax payers in P0-P95 are primarily W2 wage earners and therefore their taxes are already withheld whereas the top 5% or so are getting their income from businesses and investments that require more detailed accounting to determine tax liability?
edit: just noticed the posted source. I think using offshore banking transactions as a source might also be an issue as an average person doesn't have access to those methods of evasion. The only egalitarian methods of evasion analyzed were amnesty and audit and the rates are much flatter across all income groups for those.
This is tax evasion (ie illegal) in Norway, Sweden, and Denmark.
Is it not tax avoidance and not the US
This paper attempts to estimate the size and distribution of tax evasion in rich countries. We combine stratified random audits—the key source used to study tax evasion so far—with new micro-data leaked from two large offshore financial institutions, HSBC Switzerland (“Swiss leaks”) and Mossack Fonseca (“Panama Papers”). We match these data to population-wide wealth records in Norway, Sweden, and Denmark.
sarcasticorange on May 30th, 2017 at 13:42 UTC »
Wouldn't this mostly be because tax payers in P0-P95 are primarily W2 wage earners and therefore their taxes are already withheld whereas the top 5% or so are getting their income from businesses and investments that require more detailed accounting to determine tax liability?
edit: just noticed the posted source. I think using offshore banking transactions as a source might also be an issue as an average person doesn't have access to those methods of evasion. The only egalitarian methods of evasion analyzed were amnesty and audit and the rates are much flatter across all income groups for those.
TheRealSaikenPhase on May 30th, 2017 at 14:01 UTC »
Is this taxes evaded, as in tax evasion, or taxes avoided as in a legal method to not paid taxes on certain income....
karn1948 on May 30th, 2017 at 14:19 UTC »
This is tax evasion (ie illegal) in Norway, Sweden, and Denmark.
Is it not tax avoidance and not the US