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.

  • @bundes_sheepEnglish
    1•1 year ago

    If they don’t like their “tax evasions”, then they should change the laws and remove the loopholes that allow it. I’m not a supporter of a wealth tax (i.e. being taxed on something repeatedly because you still happen to own it) no matter who it is that would suffer from it that we all collectively dislike.