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.

  • @alvvaysonEnglish
    5•1 year 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.