As a growing numbers of countries consider raising taxes on the ultra-wealthy, the Tax Justice Network campaign group said in a report that evidence from a featherlight tax on the 0.5% richest households in Spain could help raise trillions of dollars globally each year. This shows the potential impact of implementing similar wealth taxes worldwide, particularly in addressing climate financing.
Alison Schultz, a research fellow at the Tax Justice Network, highlighted the urgency of the situation, stating: "A minority of rich countries still seem to be holding back from support for a robust framework convention on tax despite this being the best opportunity that we've ever had. This needs to change now - the climate can't wait, and nor can the people of the world."
[
Collection
]
[
|
...
]