Avoidance of taxes through trusts
Tax properly payable from money hidden in trusts could pay for climate solutions.
Wealthy people have been hiding assets and and income in and throgh trusts to reduce tax liability for years. This is true in all countries across the globe.
Assets held in trusts are said to exceed US$2 trillion (probably closer to $200 trillion, lets face it), and tax avoided this way each year in Australia alone is known to be in the many billions of dollars.
The urgent upgrades to energy infrastructure required for Australia and frankly all countries to enable a carbon neutral would easily be covered by taxes avoided through trusts.
I propose laws in each country to make the trust economy, that has profited for so long at the expense of citizens who pay their taxes, become the funders of renewable electricity grid infrastructure.
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