Extreme wealth tax could boost the fiscus and help fight corruption
Extreme wealth is a threat to democracy, says the Tax Justice Network – and it is not alone in this view. The organisation is one of several voices calling for an extreme wealth tax to be imposed worldwide on the super-rich. This would not only help to address wealth inequality but also have spillover positive effects on crimes such as money laundering, drug trafficking, and corruption, through the simultaneous enforcement of beneficial ownership transparency.