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Global super rich require the ability to face coronavirus tax

LONDON, United Kingdom – More than 80 millionaires on Monday, July 13, called on governments around the world to tax the superhuman much more to help fund the global recovery from the coronavirus outbreak.

In an open letter, the group said they called themselves “Millionaires for Humanity,”

; they would be taxed higher, “immediately, substantially, permanently.”

Signatories, including Ben and Jerry’s ice cream co-founder Jerry Greenfield, screenwriter Richard Curtis and filmmaker Abigail Disney.

US entrepreneur Sidney Topol and New Zealand retailer Stephen Tindall also signed.

“When COVID-19 hits the world, millionaires like us have a crucial role to play in healing our world,” the letter states.

“No, we are not the ones taking care of sick people in intensive care units.

“We do not drive the ambulances that will take the sick to the hospitals. We do not put back the shelves of the grocery store or deliver food from door to door.

“But we have money, a lot of it. Money that is desperately needed now and will continue to be needed in the coming years as our world recovers from this crisis.”

The letter was published before the upcoming meeting of G20 finance ministers.

When countries crash to respond to the economic impact of the pandemic, some have already found imposing higher taxes.

In the United Kingdom, the Institute of Fiscal Studies believes that the idea has been that higher taxes were inevitable for many, not just the superhuman.

Earlier this month, Spanish Prime Minister Pedro Sanchez indicated that his government could impose higher taxes and Russia will also target higher incomes.

Saudi Arabia has increased sales tax to offset the effects of the virus and a fall in oil prices.

The letter “Millionaires for Humanity” was a collaboration between groups including Oxfam, Tax Justice UK and Patriotic Millionaires of high net worth American individuals. – Rappler.com

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