Annette Alstadsæter, Niels Johannesen, and Gabriel Zucman have posted a new working paper that offers new details about the composition of wealth held in offshore tax havens.Partly updating earlier work by Zucman, they write:In 2016, a number of prominent offshore financial centers—including Switzerland, Luxembourg, the Channel Islands, and Hong Kong—started disclosing bilateral data on the amount of bank deposits that foreigners own in their banks.These data have been collected for several decades by the Bank for International Settlements (BIS), but until 2016 the BIS only disclosed statistics aggregated at the country level (such as the total amount of foreign-owned bank deposits in Hong Kong) rather than at the bilateral level (such as the amount of bank deposits owned by Indian
Cardiff Garcia considers the following as important: Uncategorised
This could be interesting, too:
FT Alphaville writes Thought for the weekend
Sujeet Indap writes Should you trust your investment banker to be faithful?
Thomas Hale writes The strange economics of the university strikes
Thomas Hale writes Further reading
Annette Alstadsæter, Niels Johannesen, and Gabriel Zucman have posted a new