10-05-2022 13:45
Use of special tax regimes in the EU by high net worth individuals: Russian oligarchs

European Parliament - building Spinelli 3E-2 - Brussels
FISC Public hearing on “The use of special tax regimes in the EU by high net worth individuals: the case of Russian oligarchs” FISC Public hearing on “The use of special tax regimes in the EU by high net worth individuals: the case of Russian oligarchs”
Public hearing on “The use of special tax regimes in the EU by high net worth individuals: the case of Russian oligarchs” © Image used under the license from Adobe Stock

On 10 May, from 13:45 to 15:45, the FISC Subcommittee will host a public hearing on "the use of special tax regimes in the EU by high net worth individuals: the case of Russian oligarchs".

Russia exhibits the highest wealth inequality in Europe. The top 10% wealthiest Russian residents own about 74% of total household wealth. Much of this wealth is held abroad.

In the context of the sanctions issued in reaction to the war in Ukraine, there has been an increased public attention on how Russian oligarchs hide their wealth outside of their home country. This hearing will shed some light on the contribution of special tax regimes in the EU in this regard and how high-net-worth Russian individuals use these regimes.

The following experts have been invited:

  • Prof. Susana Peralta, Associate Professor at Nova University, Portugal
  • Ms. Theresa Neef, Research fellow at the EU Tax Observatory, and the Eastern Europe and Russia Coordinator of the World Inequality Database, author of Effective sanctions against oligarchs and the role of a European Asset Registry
  • Prof. Richard Murphy, Director, Tax Research LL and Professor of Accounting at Sheffield University Management School.