IDEAS home Printed from https://ideas.repec.org/p/dbp/plnote/003.html
   My bibliography  Save this paper

Effective sanctions against oligarchs and the role of a European Asset Registry

Author

Listed:
  • Theresa Neef

    (EU Tax Observatory)

  • Panayiotis Nicolaides

    (EU Tax Observatory)

  • Lucas Chancel

    (World Inequality Lab)

  • Thomas Piketty

    (World Inequality Lab)

  • Gabriel Zucman

    (EU Tax Observatory)

Abstract

This note provides data on wealth inequality in Russia and advocates for a European Asset Registry. Russia exhibits the highest wealth inequality in Europe. Further, Russia’s wealthiest nationals conceal a large share of their wealth through tax havens. The current architecture of the global financial system impedes comprehensive knowledge on beneficial ownership across asset types and jurisdictions. Under the roof of a European Asset Registry, the already existing but currently dispersed information could be gathered. This would change the state of play, resulting in better-targeted sanctions and effective tools to curb money laundering, corruption and tax evasion. The European Union could have a pioneering role in taking the next step towards more financial transparency.

Suggested Citation

Handle: RePEc:dbp:plnote:003
as

Download full text from publisher

File URL: https://www.taxobservatory.eu//www-site/uploads/2022/03/Note_Effecttive-sanctions-against-oligarcs-and-the-role-of-a-European-asset-Registry_EU-Tax_-WIL_March-2022.pdf
File Function: Full note
Download Restriction: no
---><---

More about this item

Keywords

Wealth inequality; asset registry; tax evasion;
All these keywords.

JEL classification:

  • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
  • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance
  • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

Statistics

Access and download statistics

Corrections

All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dbp:plnote:003. See general information about how to correct material in RePEc.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

We have no bibliographic references for this item. You can help adding them by using this form .

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Inga Chilashvili (email available below). General contact details of provider: https://edirc.repec.org/data/eutaxfr.html .

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.