Less than eight cents in every dollar raised in tax revenue in G20 countries now comes from taxes on wealth, analysis by Oxfam has claimed.
The data comes ahead of the first meeting of G20 Finance Ministers and Central Bank Governors in Sao Paulo, Brazil.
By comparison, more than 32 cents in every dollar - over four times as much - is collected from taxes on goods and services. Taxes on food and other necessities, for example, shift more of the tax burden o...
Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@eprivateclient.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAMeprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.
Read more
