New tax of 2 percent 2,756 people in the world This tax to correct the low rates to which they are subject.
In a report published on Monday, this organization, directed by French economist Gabriel Zucman and with which the Nobel Prize is directly linked, Joseph Stiglitz emphasizes that billionaires endure Tax rates of only 0% to 0.5% of your assets.
One of the reasons that explains why their tax rates are clearly lower than other groups of the population is that in many cases they can resort to vehicles such as sole proprietorships (in the form of holding companies) to house assets, especially financial ones. Exempting them from tax, paying tax on dividends.
Increasing your wealth
The authors of the study also note that the wealth of this small group of billionaires Increasing at an average annual rate of 7% since 1995, and this reduces the impact of inflation.
By region, of the 2,756 individuals with more than $1,000 million in assets (almost 13 billion in total assets), 835 are North Americans, 499 are Europeans, 838 are from East Asian countries, and 260 are from South and Southeast Asia. 105 from South America, 133 from Russia and Central Asia, 75 from the Middle East and North Africa, and 11 from Sub-Saharan Africa.
Proposed new 2% tax, An income of 72.3 billion dollars is generated in North America, 60,300 dollars in South and Southeast Asian countries, and 42,300 billion dollars in Europe.
The European Tax Observatory is very disappointed with the minimum rate of 15 percent applied to corporate taxes as a result of the international agreement reached in 2021 within the framework of negotiations led by the OECD.
In practice, it estimates that it reports less than 5% of corporate tax revenue globally due to the various flaws in which it is implemented; However, if it were applied at an effective rate, a rate of 9% could be expected. 15%.
His proposal will be implemented minimum rate of 25% for corporate tax and eliminating exemption tools that promote tax competition so that approximately 250,000 million current dollars can be collected.
In the end, if we add the rate of billionaires multiplied by the upward adjustment of the tax rate on the profits of multinational corporations, we get about half a trillion dollars a year, an amount equivalent to the additional money they need. Developing countries struggle with the challenges of climate change.