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.

  • alvvayson@lemmy.worldEnglish
    48·
    11 months ago

    I agree, but the problem is that the rich have all the best fiscal experts, lawyers and politicians on their payroll.

    And the rest of us are fighting amongst ourselves on which bathrooms transgender people should take or whatever symbolic pro or anti-immigration policy the politicians should implement.

    As the majority, we have all the power, in theory. But until we have solidarity amongst the working class, we will not be able to yield that power effectively.