In the press

Can the super rich ever be fairly taxed, or are there too many functioning tax havens? Can capitalism survive the ever growing disparity between the top 1% and the rest? Should billionaires exist at all?

There is a fundamental tension between extreme wealth and democracy. Beyond a certain point, capital ceases to be money and becomes power: the power to shape markets, dominate public debate, influence governments, finance elections, and weaken democratic institutions.

“The problem is not that billionaires pay nothing. The problem is that they pay a much smaller share of what they actually own, compared with what ordinary workers pay on their wages. That is the anomaly we need to correct.”

Research by the ITO shows that 37 per cent of Sub-Saharan Africa's offshore wealth is invisible to lower-income countries outside the Common Reporting Standard that are not yet receiving any automatic information exchange, while Africans hold 56 per cent of their offshore wealth...

In a subcontinent where 115 billionaires hold wealth equivalent to around 10% of Latin America’s GDP, discussing taxes is no longer a technical issue — it becomes a struggle over power.

There is a fundamental tension between extreme wealth and the very possibility of democracy. That’s because extreme wealth is always an extreme power

The stunning figures — calculated by the French economist Gabriel Zucman, director of the International Tax Observatory, a research organization funded by the European Union — reveal more than a surprisingly rapid increase in the concentration of wealth at the tippy top.

The super-rich should pay more tax. So says Gabriel Zucman. The French economist has spent his career uncovering the hidden workings of tax havens, who uses them and how.

On taxes and much else, California has often led the country. In 1978 the state’s voters approved Proposition 13, which strongly limited tax increases.

Quentin Parrinello revealed that President Claudia Sheinbaum committed to evaluating a “fair and progressive” tax model during her participation in the fourth Summit in Defense of Democracy in Barcelona.