ICRICT

@icrict

International Capital Tax Commission (ICRICT). Chaired by @JosephEStiglitz and @Jayati1609

Global icrict.com Joined February 2015

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ICRICT @icrict Nov 22, 2023

This is the historic moment today when the world decided that a new global tax system is needed, it is possible, and they are going to work for it.
At the @UN.

0:53

ICRICT @icrict 2d

California voted no last week, but the fight to tax billionaires is just getting started.
#ICRICT co-chair @JosephEStiglitz on why #Prop40 is “only on pause” and why countries must act together.
Via @tax
🔗 shorturl.at/KWQ4p

Despite California voters rejecting a one-time 5% tax on the net worth of California’s roughly 250 billionaires, the ballot measure represents the first time US voters were asked directly to decide to tax billionaires’ wealth.

Proposition 40 would have been unthinkable only a few years ago, as billionaires and policy makers, often funded by the same billionaires, would have simply blocked any efforts to get such a measure on the ballot.

History suggests this won’t be the last word on wealth taxes, not just in the US, but throughout the world.

I joined five fellow economists in a letter backing Proposition 40 for a simple reason: Billionaires don’t pay their fair share. Most of their wealth takes the form of unrealized gains, which income tax barely touches. Supporters estimated it would have raised about $100 billion, most of it for healthcare.

ICRICT @icrict 2d

«Democracia u oligarquía» en París.

@JoseA_Ocampo , @Magda_Sepul , @valpy1947 , @rmartner1 y @dalesmm debaten sobre riqueza extrema y democracia.

📅 18/11 | 🕖 19:00
📍 Maison de l'Amérique latine
🎟️ Inscripción: shorturl.at/U7KnG

#JusticiaFiscal

ICRICT @icrict Nov 5

Join ICRICT Commissioners in Paris on 18 November for a public conversation on inequality, economic power and Latin America's role in building a fairer global economic order.

📍 Maison de l’Amérique Latine
🕖 19:00–20:30
Register shorturl.at/iPWFv

ICRICT @icrict Nov 5

Major changes rarely move in a straight line: in 1895 the US Supreme Court struck down the federal income tax; 18 years later it was written into the Constitution”

ICRICT Co-Chair @JosephEStiglitz tells @FT taxing billionaires is “only a matter of time”

shorturl.at/ghcB4