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The Latest Breaking News from Gabriel Zucman

This week on The Sound Kitchen, you’ll hear the answer to the question about France’s proposed wealth tax. There’s “The Listener’s Corner” with Paul Myers, Erwan Rome’s “Music from Erwan, and of course, the new quiz and bonus question, so click the “Play” button above and enjoy!

Radio France Internationale

Billionaires Now Pay Less In Taxes Than You: Study Reveals Ultra-Wealthy Enjoy 24% Rate Thanks To Trump's 2017 GOP Cuts

The effective tax rate for America's wealthiest 0.0002% — roughly the billionaires on the Forbes 400 list — fell from 30% to 24% after the 2017 GOP tax overhaul, according to a new study from the National Bureau of Economic Research.

Benzinga

Taxing The Richest: What The G20 Decided

Anti-poverty campaigners have hailed a decision by G20 leaders meeting in Rio to make sure the world's billionaires "are effectively taxed."

International Business Times

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Be brave and impose minimum tax on world’s billionaires, urges Spanish minister

Carlos Cuerpo calls on G20 leaders to act and says election results show citizens want redistribution of wealth

The Guardian - UK

No more fiscal favours? Calls to tax super-rich gain traction around world

Even rightwing governments are joining in with G20-led push to make wealthy pay, with Italy doubling flat tax on foreign income

The Guardian - UK

Tax the super-rich, says new report commissioned by G20 chair Brazil

In a new report commissioned by Brazil for its G20 presidency, French economist Gabriel Zucman says an international scheme to impose a global minimum tax on the world's richest individuals is technically feasible and that a 2 percent wealth tax on 3,000 billionaires could generate more than $200 billion in…

France 24

International scheme to tax billionaires’ wealth technically feasible, study finds

Proposal could net up to $250bn a year in extra revenue, says report commissioned by Brazil for G20

The Guardian - UK

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The Guardian view on taxing billionaires: we need to talk about the super-rich

Editorial: G20 countries will discuss proposals to make the world’s wealthiest individuals pay more towards funding public goods. The debate is overdue

The Guardian - UK

Phil Magness: Who Really Pays the Most Taxes?

Economist and author Phil Magness debunks a recent New York Times piece and shoddy academic work about the rich and their taxes.

Reason

Why are billionaires scared of Brazil’s plan to hit them with a global tax? Because it makes perfect sense

As the fortunes of the super-rich soar, a proposed annual levy of 2% could offer a corrective – and they will fight it tooth and nail, says the Guardian’s economics editor Larry Elliott

The Guardian - UK

G20 Hears A $250-billion-a-year Idea: Tax The Super-rich

French economist Gabriel Zucman brought a $250-billion-a-year idea to top policy makers from the world's biggest economies Thursday: slap an international wealth tax on the super-rich.

International Business Times

‘A historic step’: G20 discusses plans for global minimum tax on billionaires

Leaders gather in Brazil to explore solutions to hypermobile super-rich avoiding tax

The Guardian - UK

EU-funded report calls for wealth of super-rich to be taxed, not income

Wealthiest 3,000 working on ‘edge of legality’ using shell companies to funnel dividends and own property to avoid income tax, says study

The Guardian - UK

Davos day 1: China ‘passed peak Covid’; Kissinger backs Ukraine Nato membership, as first lady Zelenska seeks support – as it happened

Rolling coverage from the World Economic Forum in Davos, where vice-premier Liu He says China has passed its peak of Covid-19 infections

The Guardian - UK

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Axios

The rich get poorer

The bottom 90% of earners are seeing their income keep up with inflation.

Reason

The 1619 Project Unrepentantly Pushes Junk History

Nikole Hannah-Jones' new book sidesteps scholarly critics while quietly deleting previous factual errors.

The Independent UK

Biden’s super-rich tax could cost Elon Musk $50bn and Jeff Bezos $35bn

Biden says one-hundredth of 1 per cent of Americans would be subject to tax

The Independent UK

Biden to announce a ‘billionaire income tax’ in new budget

Tesla founder Elon Musk would pay an extra $50bn per year under Biden’s plan

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