Their research leads to two conclusions. First, tax evasion is extremely concentrated. The average Scandinavian household paid around 3% too little in taxes in 2006; the richest 1% of households, with net assets of at least $2m, underpaid by around 10%. The truly rich, though, behave truly differently. The top 0.01% of households, with net assets of over $40m, short-changed the taxman by a whopping 30%.
Second, the numbers imply that previous estimates of wealth inequality, often based on tax data, have understated the problem. And the Scandinavian statistics may provide a conservative estimate of worldwide tax-dodging: only around 2% of Scandinavian household wealth is held in offshore accounts, compared with the global average of 4%.
Globalisation has disproportionately benefited the rich in part by rewarding capital more handsomely than labour. But globalisation has also made it easier for the well-heeled to hide their wealth. In that sense, maybe the data should cause even more surprise: despite the best efforts of a lucrative global tax-evasion industry, Scandinavia’s ultra-rich are paying 70% of their taxes.
Is LA climate decent in winter? LA beaches are way better than Adelaide to be fair (although east coast beaches are on par)
I mean, yeah. It's kinda famous for that. Near the beach the weather is almost always good. Inland it's a bit hot in the summer for my taste, but even there it's not ridiculously hot and it's not often humid at all. We don't have A/C and have gone through winters with a broken heater no problem.