Finance
Billionaires pay less tax than their secretaries, momentum grows for 2 percent minimum wealth tax
Gabriel Zucman, an economist at the University of California, Berkeley, has proposed a 2 percent minimum annual tax on people with net assets above 100 million euros, reigniting debate over taxing billionaires. A short new book helped trigger a vote in France’s parliament and put a policy plan on the G20 agenda. Zucman argues tax systems are regressive and backs international coordination and exit taxes to curb avoidance.
