Reported 2 months ago
Amid increasing wealth inequality, economist Gabriel Zucman argues for a proposed 2% minimum tax on billionaires, highlighting the need for wealthier individuals to contribute fairly to global tax systems. With a small number of ultra-rich controlling significant wealth, Zucman calls attention to the urgency of this tax to ensure governments can continue funding essential services. While the G20's recent declaration recognized the issue, consensus on the tax proposal remains elusive. However, Zucman is optimistic about future negotiations and efforts to prevent tax evasion through fiscal havens.
Source: YAHOO