Global billionaire tax could yield $250 billion annually, study says
Global billionaire tax could yield $250 billion annually, study says
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.
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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.