EU-funded report calls for wealth of super-rich to be taxed, not income
EU-funded report calls for wealth of super-rich to be taxed, not income
www.theguardian.com EU-funded report calls for wealth of super-rich to be taxed, not income
Wealthiest 3,000 working on ‘edge of legality’ using shell companies to funnel dividends and own property to avoid income tax, says study
Norway has a wealth tax, and one of the biggest arguments against it has always been that people can "flee" elsewhere.
The EU is a in a far better position in that respect, and it might embolden others.
An advantage of a wealth tax is that apart from raising money it actively punishes inefficient placement of capital, so apart from having the potential to shift tax burdens it's also an incentive to drive economic growth.
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