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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.

·Brussel, Belgium
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  • 100% of the sources lean Left
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EU Observer broke the news in Brussel, Belgium on Thursday, September 21, 2023.
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