Millionaires group calls for wealth tax | Citypress

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Millionaires group calls for wealth tax

In most countries, aside from a handful in Europe and some recent joiners in South America, the rich do not have to pay annual taxes on assets such as real estate, stocks or artwork because they are taxed only when the asset is sold .Photo: iStock

The group, calling itself the Patriotic Millionaires, said that the ultrawealthy were not being forced to pay their share for the global economic recovery from the pandemic.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.

 

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'Patriotic Millionaires'? Sounds more like a crooked bunch profiting off government tenders.

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