International minimum tax: necessary or unnecessary?

BNR Nieuwsradio
Peter Kavelaars, Professor of Fiscal Economics at Erasmus School of Economics
Erasmus School of Economics

Recently, Peter Kavelaars, Professor of Economics of Taxation at Erasmus School of Economics, was a guest on BNR Nieuwsradio where he gave his expertise on the introduction of the global minimum tax. This minimum tax aims to tax the very richest.

Currently, there is a view among some that the very rich can move their wealth to countries with a low tax burden too easily. According to them, the government should internationally push hard for a global minimum tax for these wealthy people. For companies, after years of struggle, there is already a global minimum tax rate of 15%.

The fact that the very richest move their wealth abroad is not a huge problem from a budgetary point of view, Kavelaars argues. 'This is a very small group of people so for the state, this missed tax is not hugely problematic,' the Professor adds. Mainly, there is a societal-ethical problem here, as wealth has been yielding good returns for years and a lower tax on it abroad is often seen as unfair. Finally, about the minimum tax, Kavelaars maps that it does not contribute to making our tax system less complex: on the contrary.

More information

You can listen to the full episode from BNR Nieuwsradio, 4 April 2024, here

You can listen to the full episode from NPO Radio 1, 4 April 2024, here

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