Gabriel Zucman

speaker

485 appearances 1 recordings 1 series first heard Jul 2026 last heard 12 Jul

Gabriel Zucman’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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The Rest Is Politics: Leading · 197. The Billionaire Tax Debate (Gabriel Zucman) · 12 Jul 2026 podcast

Meaning whether the wealth is held in the UK or in a Swiss bank or in the Cayman Islands makes no difference.

You have to pay the tax.

So now there's a question of enforcement.

Are they going to try to hide their wealth?

And the good news is that a lot has happened since Gordon Brown, because in 2018, we've created an automatic exchange of bank information between countries.

It's not very well known, but it is, in my view, the most important advance in international economic cooperation of the last two decades.

Before that, there was a complete bank secrecy in Switzerland and other places, very easy for rich people to hide their wealth, rampant tax evasion, a huge problem.

Since 2018, all the banks in all tax havens have to automatically report to HMRC on the wealth of their UK customers and the income that they earn each year.

I'm not saying it works perfectly well, that there is full compliance, but

Don't get me wrong.

It's been a game changer.

And we see that in the data.

We see a ton of wealth, which previously was hidden, which shows up in tax returns.

We see a lot of income earned abroad.

That shows up.

We've studied that in different countries, including Denmark.

So it makes it much easier today to enforce a wealth tax on the super-rich than 10 years.

Okay.

I mean, it's a risk.

It all depends on how the law is written.

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