Estimates suggest that billionaires pay about 0.3% of their wealth in tax, so Brazil has floated a proposal to impose a 2 percent global tax on all of them. The idea would raise $250 billion a year, and several nations have voiced their support. However, U.S. treasury secretary Janet Yellen opposes it.
Here’s how Brazil’s proposed ‘billionaire tax’ could change the world
https://www.bigissue.com/news/politics/brazil-billionaire-wealth-tax-environment-child-poverty/
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