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.

  • BraveSirZaphod
    5•1 year ago

    You’ll suddenly find a lot of people with 99 million in assets and a cousin in the Cayman Islands that owns a few yachts and jets.

    • ericEnglish
      6•1 year ago

      When they pass all those millions to a cousin, they can be taxed.