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Superrich Pay Less than 20% of Their Income in Taxes; Poor Contribute Almost Half
Summary by El Economista
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In Latin America and the Caribbean, the superrich (fortunes of more than $1 billion) contribute less than a quarter of their income in taxes, while the poorest population contributes almost half of their own, said a new study by Oxfam.In the report “Against the Empire of the Richest. Defending democracy against the power of the billionaires,” published at the start of the World Economic Forum, the organization noted that in the region, 1% of the…
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