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
And people lie about income for income taxes. And then they get audited. A wealth tax doesnt have to be accurate to the dollar, its about dissuading gross wealth hoarding. A billion and 40 thousand can still round to a billion and be a very effective tax estimate.
I dont think people in small low income countries like bhutan are going to affect this tax much. I would also assume this international tax would come with some form of international auditing.
Thats the one thing working in our favor dealing with the people that have concentrated the worlds wealth into a few hands: its in a few hands. Its easy to keep track of.