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In 2024, France counted 13,335 millionaires who paid ZERO income tax.

This is yet another example of why we need a UN Tax Convention to fix global tax rules and finally make the super-rich pay their fair share, so there is real money for public services, climate action, and a green transition, instead of more loopholes for extreme wealth.

This entry was edited (1 week ago)
in reply to Greenpeace International

Wealth taxes are the way to go.
Wealth, being accumulated income, is not taxed with VAT, nor any other significant way.

Personal income should not be taxed directly. The consumed part gets VATed, the accumulated part should be taxed as wealth.

Corporate wealth should be also taxed, using different scale, plus all payouts, except salaries.