More than 100 millionaires made an unusual plea on Wednesday: “Tax us now”.
“The world — every country in it — must demand the rich pay their fair share,” the letter says. “Tax us, the rich, and tax us now.”Their plea follows a report by global charity Oxfam this week which said that the world’s 10 wealthiest men doubled their fortunes to $1.5 trillion during the first two years of the pandemic while inequality and poverty soared.
The signatories include wealthy men and women from the United States, Canada, Germany, Britain, Denmark, Norway, Austria, the Netherlands and Iran. The tax would be set at two percent for those worth over $5 million, three percent for over $50 million, and five percent for over $1 billion.The group said a steeper progressive tax, which includes a 10 percent levy on billionaires, would raise $3.62 trillion a year. The actual levels of taxation would be country-specific.
Plea
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Over 100 IDPs homeless as fire destroys shelters in BornoOfficials at the Gamborun Ngala Internally Displaced Persons (IDP) camp in Borno State on Tuesday said a fire outbreak has rendered over 100 persons Where the fire come from ? They will soon start committee on this issue , the people loss everything but u still want to use their life for political gain
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Posers Over NLNG’s 100% Local LPG Supply DecisionLast week, Nigeria LNG Limited announced that it was set to supply 100 per cent of its Liquefied Petroleum Gas production to the Nigerian market in line with its mission to help deepen the utilisat…
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Pay us N24m tax else we attack, kill you all - Bandits threaten Zamfara communitiesBandits terrorizing many parts of Zamfara State have placed N24 million levy on at least nine communities in Bukkuyum Local Government Area of the State. Oh God pls help our dear Nation. 😂😂😂 by force tax o!....you see wetin we Don turn to? MBuhari Go ahead. Business men.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
How new sugar tax will hurt Nigerians | TheCableBY OLUMAYOWA OKEDIRAN The federal government has imposed a sugar tax of N10 per litre on all non-alcoholic, carbonated, and sweetened beverages in the country. This charge is one of Laslas! It always the masses who feels it!😔😔 Awonwerey🤯 Endbadgovernance AFCON2021 unclejigi Topnotch👍 Government who don’t take care of the citizen trying to tax everything, you sure this country go survive 2023 ?
Source: thecableng - 🏆 2. / 80 Read more »
Lagos To Sanction Firms Over Non-filing Of Tax ReturnsLagos state government is set to sanction companies who fail to file their tax returns to it on or before January 31, 2022. With just 13 days to the end
Source: LeadershipNGA - 🏆 4. / 77 Read more »
LIRS fixes January 31 as deadline for filing tax returnsThe Lagos State Internal Revenue Service (LIRS) has called on taxpayers to file their last year’s tax returns before or on January 31, 2022.
Source: GuardianNigeria - 🏆 1. / 94 Read more »