To curb evasion, EU report calls for 2% global wealth tax on billionaires
The report calls for expanding the range of assets brought under the system of automatic exchange of information. | Photo Credit: Getty Images Pointing out that tax evasion is enabling billionaires to enjoy effective tax rates equivalent to 0% to 0.5% of their wealth, the European Union Tax Observatory in its ‘Global Tax Evasion Report…
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