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Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax

  • givesomefucks@lemmy.worldOPEnglish
    0·
    6 months ago

    From the very comment chain you’re commenting on:

    A 2021 agreement between 140 countries will limit the scope of multinationals to reduce tax by booking profits in low-tax countries by setting a global 15% floor on corporate taxation from next year.

    “Something that many people thought would be impossible, now we know can actually be done,” Zucman said. “The logical next step is to apply that logic to billionaires, and not only to multinational companies.”

    https://www.cnn.com/2023/10/23/business/billionaires-global-tax/index.html

    So yeah, it does exist.

    Dont expect more replies.