30 votes

International scheme to tax billionaires’ wealth technically feasible, study [by Gabriel Zucman] finds

Posted by ignorabimus
Tags: economics, brazil, taxes, tax.wealth, billionaires, politics, policy.fiscal, g20, studies, economists, gabriel zucman, author.larry elliott, source.the guardian
https://www.theguardian.com/news/article/2024/jun/25/international-scheme-to-tax-billionaires-wealth-technically-feasible-study-finds

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Authors
Larry Elliott
Published
Jun 25 2024
Word count
536 words

4 comments

  1. redbearsam
    Link
    It does indeed sound doable. Implementation proposals will be interesting.

    It does indeed sound doable. Implementation proposals will be interesting.

    6 votes
  2. [2]
    BeanBurrito
    Link
    Wasn't there already something similar a few years ago? An international agreement to get at least a minimal amount of tax out of the international rich?

    Wasn't there already something similar a few years ago? An international agreement to get at least a minimal amount of tax out of the international rich?

    4 votes
    1. ignorabimus
      Link Parent
      You might be thinking of the 15% global minimum tax rate (aka OECD pillar 2)?

      You might be thinking of the 15% global minimum tax rate (aka OECD pillar 2)?

      7 votes
  3. saturnV
    Link
    I wasn't really aware of which wealth taxes already existed, this article on EU wealth taxes and this on OECD wealth taxes was interesting, especially the fact that less countries in the OECD have...

    I wasn't really aware of which wealth taxes already existed, this article on EU wealth taxes and this on OECD wealth taxes was interesting, especially the fact that less countries in the OECD have net wealth taxes now (5) than in 1995 (12), and some places having legal problems over it. Of course the difference with this would be a much higher required wealth so less people being taxed, and international co-operation. The wikipedia page is also pretty good

    2 votes