Item — HN Reader

Taxing them will be difficult. There will always be places welcoming them with low taxes if they just spend money.

Most of their wealth is probably in companies operating globally. It seems more easy to tax profits in local markets. And increase competition…

2 comments

Let them. Individuals can move but they can't take their properties or companies with them (in any real sense, they can take a piece of paper with their name on it).

Is there a global movement to tax business where the customer conducts it rather than where the company chooses to base itself?

It is a topic in the EU. France and Italy, IIRC, want to make this policy. I also found this https://brusselssignal.eu/2025/11/european-parliament-target...