More than 100 billionaires and millionaires have urged political leaders at the World Economic Forum to tax the rich to collect funds to aid global economic recovery from the pandemic.
Europol estimates that more than $8.46 trillion is held in offshore accounts globally with $1.69 trillion from within the European Union alone.
Leaders attending G20 summit have endorsed the minimum tax on corporations as part of new global tax regulation in response to skyrocketing revenues of some multinational businesses.
Rich countries have used vaccines and stimulus spending to restart economic activity, leaving the risk that developing countries that account for much of global growth will remain behind due to low vaccinations and financing difficulties.
Most of the group’s funds are drawn from opium production, mining, foreign donations and taxes on exports. Will that be enough to help it govern?
White House says “any unauthorised disclosure of confidential government information” is illegal after a ProPublica investigation indicated billionaires, including Jeff Bezos and Elon Musk, paid no federal income taxes in some years.
Lawmakers in Washington state are considering an income tax bill on its ultra wealthy residents - which includes Jeff Bezos and Bill Gates - in a bid to decrease income inequality.
The reform is part of the government's Digital Spain 2025 strategy, one of whose aims is to improve the country's appeal as one of the most attractive locations for shooting films and series.
The EU Commission accused Apple in 2016 of striking an illegal deal with Irish authorities that allowed the tech giant to pay extremely low tax rates.
Cash-strapped governments are leaning toward a new regulatory regime in the wake of pandemic relief efforts.
The legislation would make products such as tampons and sanitary pads free for all women in Scotland, available at designated public places such as community centres, youth clubs and pharmacies.
US President Donald Trump last month threatened to punish Paris for a new tax on tech giants like Netflix and Amazon.
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