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A European agenda to tax the super-rich: A solution to inequality in the European Union
Putaturo, Chiara Desiderio, Julien
Putaturo, Chiara
Desiderio, Julien
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Publication date
2025-10-09
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Briefing paper
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53
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English paper
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Methodology note
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<p>Europe faces a deep inequality crisis: the richest 1% in the EU own nearly a quarter of all wealth while half the population shares just 3%. Decades of tax cuts for the wealthy and corporations resulted in the super-rich paying proportionally less taxes than ordinary citizens, eroding fairness, democracy, and social cohesion. The EU lacks harmonized policies to curb extreme wealth concentration and tax avoidance of the wealthiest. Oxfam calls for bold reforms, such as an EU-wide or national tax on the super-rich and transparency mechanisms like an EU assets registry, to fund social needs, climate action, and development. Taxing the super-rich is widely supported, is feasible and is urgent.</p>
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English