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.
If they don’t like their “tax evasions”, then they should change the laws and remove the loopholes that allow it. I’m not a supporter of a wealth tax (i.e. being taxed on something repeatedly because you still happen to own it) no matter who it is that would suffer from it that we all collectively dislike.