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The Guardian - UK
The Guardian - UK
World
Larry Elliott

FORGOTTEN HISTORY: International scheme to tax billionaires wealth technically feasible study finds | History Defined

Wall Street financial district in New York
French economist Gabriel Zucman said valuing the wealth of billionaires would be relatively simple, as most of it was held in the form of shares. Photograph: Eduardo Muñoz/Reuters

An international scheme to tax the wealth of the world’s 3,000 billionaires is technically feasible and could net up to $250bn (£197bn) a year in extra revenue, a new report says.

A study by the French economist Gabriel Zucman concluded that progress in finding ways to tax multinational corporations meant it was now possible to levy a global tax on individuals – even if not every country agreed to take part.

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