Wealth tax: Will a G7 country enact a 1% billionaire minimum tax before 2033?
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Resolves YES if, by December 31, 2032, Canada, France, Germany, Italy, Japan, the United Kingdom, or the United States enacts a national/federal law requiring individuals with wealth above USD 1 billion equivalent to pay at least 1.0% of their wealth each year.
The law may be structured as a direct wealth tax or as a top-up minimum tax. Under a top-up design, income taxes paid for the same year may count toward the 1.0% minimum.
The wealth measure must not exempt or specially discount shares or ownership interests in active businesses.
Inspired by Gabriel Zucman’s G20 blueprint: https://gabriel-zucman.eu/files/report-g20.pdf
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