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A viral claim relies on a misleading definition of income.
The Global Tax Evasion Report revealed that billionaires across the world pay just 0% to 0.5% of their wealth in taxes, the International Consortium of Investigative Journalists reported.
ProPublica's tax investigation shows why billionaires should be taxed on their wealth.
The global minimum tax on billionaires is a proposal by EU TAX put forward by UC Berkeley economist Gabriel Zucman to the G20. It is supported by the Brazilian and French presidents, Lula and Emmanuel Macron, and by ministers from South Africa, Spain, France and Germany. [ 1 ]
The fairness of the U.S. tax system, especially concerning billionaires, has recently been a topic of heated debate. In his State of the Union address on March 7, President Joe Biden highlighted ...
Like virtually everyone else, billionaires don't like giving more than the bare minimum to the taxman. The difference is that they can quickly bring that minimum down to zero with experts’ help.
A majority of American millionaires are in favor of a proposal to require the world's billionaires to pay taxes worth at least 2% of their overall wealth every year.
Here's why a billionaire's tax may go nowhere.