c-cop-RTS15UFZ-Fabian Bimmer

The wealthiest Scandinavian families avoid paying about 30% of their taxes

30%

Households with more than $40 million in assets in Norway, Sweden, and Denmark avoid paying 30% of their taxes.

Published   |  Photo by Reuters/Fabian Bimmer
c-cop-RTS15UFZ-Fabian Bimmer
30%

That’s more than the 10% avoided by households with more than $2 million and many times more than the 3% not paid by the average household in those countries.

c-cop-RTS15UFZ-Fabian Bimmer
30%

Offshoring is less common in Scandinavia than globally, so the share of avoided taxes among the wealthy could be even higher in other countries.

c-cop-RTS15UFZ-Fabian Bimmer
30%

Most families avoiding taxes place their money offshore, a move available mostly to the wealthy who have access to bankers, lawyers, and accountants.

Published

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