By imposing a 25% rate on the profits of each multinational company wishing to export goods and services – the same as that paid by domestic producers – then France would gain an additional €26 billion in revenue and encourage other countries to do the same. In one of its first reports, the Observatory demonstrated that EU Member States could choose to go further than the 15% minimum rate set by the OECD (which is too low and largely circumventable), without waiting for unanimity. Now director of the European Tax Observatory, he devotes the same energy to finding solutions to the ills he documents. Endowed with an immense capacity for work, a rare attention to detail and an unparalleled talent for unearthing new data and making it speak for itself, Gabriel Zucman has also revealed the unsuspected extent of corporate tax evasion by multinationals in all countries. The American Economic Association (AEA), the main professional organisation for economists in the United States, has just awarded the Clark Medal to Gabriel Zucman for his work on the concentration of wealth and tax evasion.Īwarded each year to a winner under the age of 40, the distinction is given in particular for innovative work demonstrating the considerable importance of tax evasion by the richest, including in Scandinavian countries, which are often considered models of virtue.
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