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ARAB AND WORLD

Wed 15 Mar 2023 5:52 am - Jerusalem Time

More than 130 European MPs demand a tax on the "richest"

More than 130 European MPs have signed a petition calling for a global tax on the wealth of the "richest" with the aim of reducing inequality while participating in the "environmental and social transition".


And MP Aurore Laloc (Socialists and Democrats bloc, left) and economist Gabriel Zucman, who launched this initiative, wrote in an article published in the French newspaper Le Monde, "What we have been able to achieve for multinational companies, we must now do for great fortunes."


The European MP and economist specializing in tax evasion and taxing high incomes explained, "Our position is simple: to impose a progressive tax on the wealth of the world's richest with the aim of reducing inequality while co-financing the investments necessary for the environmental and social transition."


They referred to the idea of imposing a 1.5% tax on wealth worth 50 million euros or more, stressing that the specific rate of tax should be decided "collectively and democratically."


Laloc and Zucman are calling on the Organization for Economic Co-operation and Development and the United Nations to launch negotiations on the tax and are pressing the European Union to act.


And they confirmed that in 2018, Elon Musk, who was then the second richest man in the world, did not pay “one cent of federal taxes” and in France, “the 370 richest families pay only between 2 and 3% of taxes.”


Their petition was signed by European parliamentarians in favor of environmental issues and leftists, in addition to about a dozen economists and international non-governmental organizations, including Oxfam.


To support their arguments, Laloc and Zucman point to the model of a minimum tax of 15% on the profits of multinational corporations imposed by nearly 140 countries "when the whole world was saying it was impossible".

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More than 130 European MPs demand a tax on the "richest"

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