what would happen if governments made billionaires actually pay the appropriate amount of tax based on their income?
In: Economics
Billionaires are required by their country to pay taxes. The accountants and lawyers they pay to do their taxes on their behalf are experts in the tax laws of that country. These lawyers and accountants advise their clients what they must pay in order for them to be in compliance with those laws. Those billionaires follow that advice because they want to stay on the right side of the law.
To say that they don’t pay their fair share is inaccurate. They pay *what the law requires*. People who vilify them for following the law should focus their attention to the government officials who make the laws.
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