SYMPOSIUM PAPER
Globalisation, taxation and inequality Gabriel Zucman Paris School of Economics; UC Berkeley Correspondence Gabriel Zucman, Paris School of Economics, 48 boulevard Jourdan, 75014 Paris. Email: gabriel.zucman@psemail.eu Submitted: June 2023 Abstract Today’s tax systems, in which value-added taxes and payroll taxes play a prominent role, are largely creations of the 1950s. We need to invent modern tax systems adapted to the reality of the 21st century: the growing importance of capital and the rise of inequality. This article reviews some of the challenges involved with increasing the progressivity of tax systems in a globalized world and discusses how these challenges could be overcome. I make the case for new and more ambitious forms of international cooperation and for modern forms of wealth taxation.
KEYWORDS Taxation, globalization, tax avoidance, international cooperation, wealth
JEL CLASSIFICATION H26, E25, F23