In her exploration of the world of wealth management, Brooke Harrington dives into the heart of capital globalization. As pillars in the structure of international finance, wealth managers help increase the capital of the wealthy by circumventing government regulations.
After declining in 2008-2009, income inequality has now returned to its pre-crisis level and even beyond. This situation is part of a longer trend that began in the 1980s in developed countries. Change will therefore not come from the crisis itself but rather from the political responses it generates, particularly regarding taxation.
An ambitious environmental tax policy must be part of a broader reform that addresses several problems simultaneously: the equity and progressivity of the tax system, reducing social security withholdings, pension finance, and paying down the debt.
What do we really know about the costs and benefits of redistribution for the middle class? Two recent studies demonstrate that while it is certainly heavily taxed, so is the vast majority of the population—including people with low incomes. The real issue lies elsewhere—notably in the privileged situation of the richest 1% and the future of public spending.
What sums of money are hidden in tax havens? By whom? And how? Using original methodology and data that has not yet been fully utilized, Gabriel Zucman sheds new light on these questions, in the hope that it might boost the fight against tax havens.
Domestic chores and paid work are unequally distributed between men and women. Elena Stancanelli shows that the taxation system has an impact on the allocation of chores between spouses. Joint taxation system discourages wives who earn much less than their husbands from working. Moving to a separate taxation system would tend to equalize the time devoted to professional activities and domestic work between spouses.
