Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said on Monday.

cross-posted from: https://lemmy.ca/post/7812500

PARIS, Oct 23 (Reuters) - Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said on Monday.

If levied, the sum would be equivalent to only 2% of the nearly $13 trillion in wealth owned by the 2,700 billionaires globally, the research group hosted at the Paris School of Economics said.

  • @alvvayson@lemmy.worldEnglish
    51•9 months ago

    I agree, but the problem is that the rich have all the best fiscal experts, lawyers and politicians on their payroll.

    And the rest of us are fighting amongst ourselves on which bathrooms transgender people should take or whatever symbolic pro or anti-immigration policy the politicians should implement.

    As the majority, we have all the power, in theory. But until we have solidarity amongst the working class, we will not be able to yield that power effectively.

      • @alvvayson@lemmy.worldEnglish
        10•9 months ago

        You’re not paranoid if they really are after you.

        This is why the Fediverse is so important.

        If we want to be free people, we must own our own free communication technologies

          • @alvvayson@lemmy.worldEnglish
            6•9 months ago

            That was only possible in reddit because the admins have all the power.

            In the Fediverse, they might take over the most popular instances, but a new instance can pop up anywhere.

            Decentralization is extremely powerful. Just look at the resilience of piracy, darknets and crypto. They can’t be controlled and neither can the Fediverse.

          • qazEnglish
            1•9 months ago

            Don’t you think this is a little but unrealistic? Do you really think some corporate elite is going to risk exposing their secret agenda by bribing mods to sabotage some irrelevant niche social media platform?