This Monday we met a Oxfam Intermón Report which warns that the richest 1% of the world own more wealth than 95% of the world’s population combined. Leaders are starting to act to pay more.
The latest was the new, conservative French Prime Minister, Michel Barnierwho wants to raise taxes. But the question is how to achieve this, because they have the ability to hide. Javier Alonso Madrigal, professor of economic and tax law at the University of Comillas ICADE, explains that the majority of these fortunes are companies, which end up being “exempt.” “They decide how much they earn,” he adds.
In the UK, they are already proposing concrete measures such as the removal of a historical privilege for which many billionaires paid much less by declaring themselves non-residents. The plan is for this to go to Health. In Brazil, Lula da Silva is proposing that there be a global tax, worldwide, so that pay 2% of what you have.
It would be something similar to global corporate tax which is already implemented for large multinationals.
