Global Offshore Wealth, 2001–2023

Souleymane Faye, Sarah Godar, Carolina Moura and Gabriel Zucman
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Souleymane Faye: EU Tax Observatory
Sarah Godar: EU Tax Observatory, DIW Berlin
Carolina Moura: EU Tax Observatory
Gabriel Zucman: Paris School of Economics, Berkeley, EU Tax Observatory

No 41, Working Papers from EU Tax Observatory

Abstract: This paper constructs homogeneous time series of global household offshore wealth covering the 2001–2023 period, during which major international efforts were implemented to curb offshore tax evasion. We find that: (i) global offshore wealth remained broadly stable as a fraction of global GDP since 2001, following a sharp increase in the 1980s and 1990s; (ii) the location of offshore wealth changed markedly, with a decline in the share held in Switzerland and a rise of Asian financial centers, the United Kingdom, and the United States; and (iii) a growing fraction comes from developing countries.

Keywords: Tax havens; Tax evasion; Wealth; International investment positions (search for similar items in EconPapers)
JEL-codes: E21 H26 H87 (search for similar items in EconPapers)
Pages: 72 pages
Date: 2025-12
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Persistent link: https://EconPapers.repec.org/RePEc:dbp:wpaper:041

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