Global economy

World’s 100 richest earned enough in 2012 to end global poverty 4 times over

World’s 100 richest earned enough in 2012 to end global poverty 4 times over

The report proposes a new global deal to world leaders to curb extreme poverty to 1990s levels by:
– closing tax havens, yielding $189bn in additional tax revenues
– reversing regressive forms of taxation
– introducing a global minimum corporation tax rate
– boosting wages proportional to capital returns
– increasing investment in free public services