27/07/2024
We have become so used to tax avoidance by billionaires, many think it's just an inherent part of our economic systems
But, as the wealth gap continues to grow globally, and the top 1% owns 37% of the world's wealth, the pressure on politicians has started a tide of change.
In 2021, 136 countries agree to set a global minimum tax rate for corporations, and now Brazil and France, amongst others, are pushing to do the same for Billionaires.
Read more about the proposal for a new billionaire wealth tax, and what it might mean for our economies, on our website.
Written by Moritz Odersky
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