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.

  • @lolcatnip@reddthat.comEnglish
    4•1 year ago

    Translation: I don’t trust governments to do anything at all, because I might not like some of the things they do.

    • @EatYouWell@lemmy.worldEnglish
      1•1 year ago

      So, you trust the governments that created the loopholes that allow the ultra wealthy to avoid taxes to not put in loopholes that allow the ultra wealthy to avoid taxes?

      • @lolcatnip@reddthat.comEnglish
        3•1 year ago

        So you believe any kind of positive change is possible or are you just fatalistic about everything?

        Governments can do good things when they try. They don’t always succeed, but they definitely won’t accomplish anything if all they do is maintain the status quo.

        • @EatYouWell@lemmy.worldEnglish
          1•1 year ago

          With the current state of the world, I don’t believe a change like you’re suggesting is possible without large scale violence from the people (I’m not advocating large scale violence from the people)

          I think positive change is possible, just not if it impacts the ruling class’s hoarded wealth.