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Tag: 2% tax on ultra-high-net-worth individuals

Can the uber-rich worldwide be taxed better? | Explained

Posted on July 6, 2024 By admin
Can the uber-rich worldwide be taxed better? | Explained

As per a key finding of the Global Tax Evasion Report 2024, prepared by researchers at the EU Tax Observatory, global billionaires benefit from very low effective tax rates, which range between 0% and 0.5% of their wealth.  | Photo Credit: Getty Images/iStockphoto The story so far: French economist Gabriel Zucman has in a recent…

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