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Global minimum tax on billionaires could generate $250 billion annually, finds EU Study

At present, billionaires often pay substantially less in personal taxes compared to individuals with more modest incomes. They achieve this by placing their wealth in shell companies, which shield them from income tax, as highlighted in the 2024 Global Tax Evasion Report from the EU Tax Observatory.

Global billionaire tax could yield $400b annually

Global billionaire tax could yield $400b annually
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Just 2% tax on wealth of 2,700 billionaires could means $250 bn annually

Just 2% tax on wealth of 2,700 billionaires could means $250 bn annually
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Study Report: Global Billionaire Tax Could Raise $250B Yearly

Study Report: Global Billionaire Tax Could Raise $250B Yearly
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Global billionaire tax could yield $400b annually

Governments should open a new front in the international clampdown on tax evasion with a global minimum tax.

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