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

submitted 1 year ago by [email protected] to c/[email protected]

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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.

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[–] BustinJiber 6 points 1 year ago

Finally we will be able to pay for all those tax breaks for the rich.