Across the EU, citizens are increasingly calling for new taxes on the ultra-wealthy \u2014 supposedly to fund healthcare, education, and other public services.<\/p>\n\n\n\n
Italy leads the pack: 94% of Italians support taxing the ultra-rich to improve the healthcare system.<\/p>\n\n\n\n
Spain follows with 91%, then France (90%), the UK (89%), and Germany (85%).<\/p>\n\n\n\n
80% of EU citizens believe multinational corporations should pay a minimum tax in every country. And 65% support imposing taxes on the wealthiest individuals.<\/p>\n\n\n\n
Support is especially high in Hungary (78%) and in Balkan countries like Bulgaria and Croatia (71% each).<\/p>\n\n\n\n
Respondents want tax loopholes closed so more funding can go toward public services. That idea is backed by 94% in Italy, 91% in the UK, 90% in Spain and France, and 86% in Germany.<\/p>\n\n\n\n
Investing tax revenue into renewable energy gets a bit less enthusiasm \u2014 supported by 75\u201388%, with up to 18% of Germans opposed.<\/p>\n\n\n\n
Even fewer people support funding for home insulation, with Germans particularly skeptical (only 28% in favor), and 20\u201322% against in other countries.<\/p>\n\n\n\n
Only Norway, Spain, and Switzerland currently tax net wealth.<\/p>\n\n\n\n
France, Italy, Belgium, and the Netherlands tax specific types of assets.<\/p>\n\n\n\n
The G20 is discussing a potential global minimum wealth tax \u2014 2% annually on assets over $1 billion.<\/p>\n\n\n\n
Europe seems to be leaning toward punishing those who build capital (sound familiar?), instead of encouraging investment and growth.<\/p>","protected":false},"excerpt":{"rendered":"
Europeans strongly support taxing the ultra-rich to improve public services. What\u2019s behind this shift?<\/p>","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[],"class_list":["post-754","post","type-post","status-publish","format-standard","hentry","category-business","category-europe"],"yoast_head":"\n