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.

  • Neato
    11•1 year ago

    Better it goes into government so at least people can vote to change it. If billionaires hold it they will just use it to influence the government and hoard wealth.

    • MenKlash
      3•1 year ago

      Better it goes into government so at least people can vote to change it.

      We can’t change it. Politicians would still have their monopolical powers because they help each other. Don’t trust the government. Billionaires not only influence it, they also receive help from them.