Global billionaire tax could yield $250 billion annually, study says
Global billionaire tax could yield $250 billion annually, study says
https://www.reuters.com/business/finance/global-billionaire-tax-could-yield-250-bln-study-2023-10-22/
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/7812592
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.