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

BUSINESS © FRANCE 24

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 revenue. Plus, the summer sales have kicked off here in France. But the month-long period isn't as successful as in the past, when promotional sales were more restricted over the rest of the year.