World News

32112 readers

796 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 5 years ago

MODERATORS

[email protected]

226

Global billionaire tax could yield $250 billion annually, study says (www.reuters.com)

submitted 11 months ago by [email protected] to c/[email protected]

14 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 10 points 11 months ago

"So you're saying more tax cuts to these billionaires? Done deal" - entire world's leadership