Pressure grows for a global wealth tax. This and other recent developments in international tax are examined by Tim Sarson (KPMG).
Global taxation of UHNWIs
Regular readers of this update will be aware that I have been closely following developments on proposals for a global tax on billionaires that is being discussed at the G20.
On 25 June 2024 economist Gabriel Zucman released his report commissioned by the Brazilian G20 presidency A blueprint for a coordinated minimum effective taxation standard for ultra-high-net-worth-individuals (‘the blueprint’) that explores such a tax in more detail. The blueprint asserts that contemporary tax systems fail to tax ultra high-net-worth individuals (UHNWIs) effectively clarifies the case for international coordination to address this issue analyses implementation challenges and provides revenue estimations.
Zucman proposes that a...
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Pressure grows for a global wealth tax. This and other recent developments in international tax are examined by Tim Sarson (KPMG).
Global taxation of UHNWIs
Regular readers of this update will be aware that I have been closely following developments on proposals for a global tax on billionaires that is being discussed at the G20.
On 25 June 2024 economist Gabriel Zucman released his report commissioned by the Brazilian G20 presidency A blueprint for a coordinated minimum effective taxation standard for ultra-high-net-worth-individuals (‘the blueprint’) that explores such a tax in more detail. The blueprint asserts that contemporary tax systems fail to tax ultra high-net-worth individuals (UHNWIs) effectively clarifies the case for international coordination to address this issue analyses implementation challenges and provides revenue estimations.
Zucman proposes that a...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
