Canada Global(Web News) According to the report of the European Union organization on tax evasion, the rich people of different countries of Europe pay taxes according to the fixed minimum rate.
According to the report, multinational companies do not transfer their capital to low-income countries due to banks’ secrecy of account holder details.
According to the report, rich men invest their wealth in real estate sector instead of offshore companies.
According to the report, companies take advantage of loopholes in the tax system to pay tax at a minimum fixed rate of 15 percent.
According to a report by the European Union agency, billionaires in the US pay 0.5 percent of actual personal taxes, while the wealthy in France pay 0.5 percent of their personal taxes.
The report said that in some countries, climate change and post-Covid calls for increasing the tax burden on the rich and taxing the rich are gaining momentum.
