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Report on Minimum Effective Taxation Standard for Ultra-High-Net-Worth Individuals

27 June 2024

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Proposed Changes

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G20

French economist Gabriel Zucman has published his report on A Blueprint for a Coordinated Minimum Effective Taxation Standard for Ultra-High-Net-Worth Individuals, which was commissioned by the Brazilian G20 presidency. --- A blueprint for a coordinated minimum effective taxation standard for ultra-high-net-worth individuals Gabriel Zucman — June 25th, 2024 Summary: This report presents a proposal for an internationally coordinated standard ensuring an effective taxation of ultra-high-net-worth individuals. In the baseline proposal, individuals with more than $1 billion in wealth would be required to pay a minimum amount of tax annually, equal to 2% of their wealth. This standard could be flexibly...