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The study examined data from 16 countries, including Brazil, Canada, Germany, Japan, Norway, Poland, Sweden, Spain, South Africa, the Czech Republic, Hungary, and the United Kingdom. These countries account for approximately $3.5 trillion in foreign assets.

But who are the owners gobbling up these wide swaths, where do they reside and what are their plans for the property? That’s far less clear.

Gabriel Zucman is leading a movement for billionaires to pay at least 2 per cent of their net worth each year

Mathieu Parenti is one of three economists, not including the winner, nominated by the jury for the Best Young Economist 2025 Prize, which includes representatives from the Cercle des économistes and Le Monde, for their work in building peaceful societies capable of facing the challenges of today.

Speaking at an EU Tax Observatory event in Brussels, Reinhard Biebel, the head of unit for direct tax policy and cooperation in the European Commission, said he disagrees with those calling for the repeal of the law, known as DAC6.

Hoekstra said the EU is keen to engage with the US in seeking a solution to an EU law that could tax US companies if they’re found to be paying less than a 15% effective corporate rate. He was speaking Tuesday at an EU Tax Observatory event in Brussels.

The movement to tax the ultra-rich has developed a number of proposals to achieve greater tax fairness. The most important is that of French economist Gabriel Zucman, who aims to create a minimal global tax on the wealth of millionaires and billionaires.

President Trump’s tariffs have plunged the world economy into chaos. But history counsels against despair – and the left should seize on capitalism’s crisis of legitimacy.

The effective tax paid by multinationals in the European Union (EU) fell by 2.7 percentage points between 2014 and 2022, to 18.1 per cent, mainly on the back of reforms that have reduced the tax base and are ‘exacerbated by tax competition’ between member states.

EU Tax Observatory's study warns that corporate tax has been reduced by nearly five percentage points since 2014 for multinationals operating in our country.