Super-rich evade on average nearly third of their due tax

Chance of assets being hidden rises very sharply with wealth, finds economists’ study based on Panama Papers dataThe richest 0.01% of households, involving those with more than £31m assets, evade paying 30% of their taxes on average, according to an academic study of tax evasion based on data revealed in the Panama Papers and the leaks concerning the HSBC Swiss private bank. Economists, who matched people named in the leaks with public wealth records, found that “the probabilit