Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax
Treasury secretary came out against the proposed global levy, which proponents say would stop the rich from shifting wealth into countries where they can avoid paying the tax
The difference here is that we definitively know how much income people make by collecting that number at several steps in the process - since wealth isn’t transferred we only have the reporting party and estimations.
If we’re okay being approximately correct that’s much more reasonable though.
Bhutan was meant to be a non-controversial example let’s instead consider Russia, do you think Russia will aide or hamper the ability for the international community to tax their oligarchs… please keep in mind that their government is entirely composed of oligarchs that are currently sanctioned by most western countries. What about Brazil, do you think some millionaire with close ties to the government is going to be accurately reported? Or do you think Brazil has a motivation to keep that money underreported in favor of bribes - bear in mind Brazil’s long history of corruption.