A new study indicates that Scandinavia’s wealthiest families are moving their money abroad to avoid paying taxes.
Research study: The richest families in Scandinavia avoid paying up to a third of their taxes
The study estimates that the 1000 richest families in Scandinavia have withheld as much as 32 procent of the taxes they would otherwise be required to pay.
The researchers behind the study imply that the wealth gap in Scandinavia in the last ten years has increased more than previously thought. The study’s results, published on Monday, have made waves in Norway, Denmark and Sweden.
“Up until now there’s been an assumption that most of tax evasion is done by small business owners who