Skip to main content
See every side of every news story
Get Started
SubscribeLogin
Published • loading... • Updated

Report: Tax richest 0.5%, raise €213bn for EU coffers

Summary by Ground News
A 1.7-3.5 percent tax on the richest 0.5% of the European population would raise about €213bn a year. The figure would rise to €272.8bn if combined with the fight against tax avoidance by the super-rich in secretive jurisdictions, such as Bermuda or the Cayman Islands. Ireland, Luxembourg, and Germany lose the most tax revenue to those who hide their wealth in tax havens.

1 Articles

EU ObserverEU Observer
Lean Left

Report: Tax richest 0.5%, raise €213bn for EU coffers

A small tax on the richest 0.5 percent would increase EU tax revenues by €213.2 billion, says a new report by the Greens.

·Brussels, Belgium
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources lean Left
100% Left

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

EU Observer broke the news in Brussels, Belgium on Thursday, September 21, 2023.
Too Big Arrow Icon
Sources are mostly out of (0)
Blindspot Title And Logo
Stories disproportionately reported by the Left or the Right

Similar News Topics

European Union icon

European Union

Taxes icon

Taxes

Europe icon

Europe

News
Feed Dots Icon
For You
Search Icon
SearchBlindspot LogoBlindspotLocal