Icrict

04/06/2026

“The technonationalist project carries an energy and cultural appeal that the internationalist, egalitarian camp currently lacks. The challenge is not just economic or political — it is narrative. Progressives need to offer a vision of the future that feels both desirable and attainable”, said Thomas Piketty— Commissioner and co-director of the World Inequality Lab - WID.world— at the 2026 in Paris.

Without cooperative redistribution of resources and power, Piketty warned, the outcomes on climate, the environment, and social cohesion will be deeply damaging.

His diagnosis: Trump and the wave of nationalist movements spreading across Europe and the world are not going to deliver. But winning that argument isn't enough. The tax justice and social egality camp needs to reclaim the rhetoric battle.

Read the Global Justice Report: https://media.licdn.com/dms/document/media/v2/D4E1FAQHcszvHBQ8pyQ/feedshare-document-pdf-analyzed/B4EZ6RvZB5K0AY-/0/1780561584623?e=1781740800&v=beta&t=L3DKxtzp7n-ue_9lU5ar3B60zJiigXZqLD7CLvcY6z4

29/05/2026

California is voting on a 5% billionaire wealth tax. The super-rich say they'll leave. Gabriel Zucman points out it's already too late to run.
This is the global fight playing out locally. The movement is building.
The News Agents on Resonance FM
👓Read the full paper: nber.org/papers/w35218

29/05/2026

Starting NOW!

🚨Starting soon - there's still time to register:

𝐅𝐨𝐮𝐫 𝐝𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐜𝐡𝐚𝐧𝐠𝐞 𝐭𝐡𝐞 𝐰𝐨𝐫𝐥𝐝 𝐰𝐞𝐛𝐢𝐧𝐚𝐫 𝐬𝐞𝐫𝐢𝐞𝐬: 𝐅𝐨𝐫𝐞𝐬𝐞𝐞𝐚𝐛𝐥𝐞 𝐫𝐞𝐥𝐞𝐯𝐚𝐧𝐜𝐞

Exchange of information is a crucial pillar of international tax cooperation, but current debates question how standards like “foreseeable relevance” should be applied and whether existing rules meet the needs of all countries.

This discussion will examine how exchange of information standards are evolving in the negotiations, and what a more inclusive and effective framework could look like.

📅 Friday 29 May 2026
🕐 8:00 New York / 13:00 UK / 14:00 CET / 15:00 Nairobi
🔗Register here: https://taxjustice.net/events/four-definitions-to-change-the-world-webinar-series-foreseeable-relevance/

29/05/2026

"Extreme wealth means extreme power."
Power to cement monopolies. To own the media. To buy elections.
That's why 's proposed 5% wealth tax matters: billionaires are fighting it with disinformation.
— at
His paper: nber.org/papers/w35218

28/05/2026

28/05/2026

What could a billionaire wealth tax actually fund?

New research indicates that a one-off wealth tax of 5% on California's billionaires could raise around $100 billion to fund healthcare, education, and social programmes that have been cut by Trump's administration.
The discussion raises a fundamental question:
Can governments sustainably fund public services when enormous amounts of wealth remain largely outside the reach?
As billionaire fortunes increasingly come from unrealised capital gains rather than salaries, economists argue that tax systems built around “income” are struggling to keep up with modern wealth accumulation.
The rules of taxation were written for an economy that no longer exists. Updating them — at the state, federal, or international level — is a defining policy challenge of this decade. The question is whether there's political will to do it.
The conversation is shifting. "California’s tech sector produces billionaires faster than any other state’s. Its superrich (...) have accumulated enormous fortunes almost tax-free. The proposed billionaire tax would finally make them contribute in modest proportion to their gains. In November, California’s voters should show the nation the way forward", wrote .english & Emmanuel Saez in (Here: https://www.nytimes.com/interactive/2026/05/26/opinion/wealth-tax-california-billionaire.html?unlocked_article_code=1.lVA.28lH.RYqc9DAn3pi-&smid=nytcore-ios-share)
The full report of , here: https://www.nber.org/papers/w35218

28/05/2026

⚡ While the Trump administration fights to defend costly corporate tax abuse, California is leading the fightback.

California’s proposed Worldwide Combined Reporting (WWCR) legislation would require multinationals to “pay where they play” — taxing companies according to where their real economic activity actually takes place, rather than where profits are artificially shifted.

At a moment when international corporate tax rules are increasingly failing to keep pace with globalised business models, California may be pointing towards the future of corporate taxation.

Our latest blog explores:
📍 how profit shifting drains public revenues
📍 why the arm’s length principle is increasingly unfit for purpose
📍 how California is stepping into a growing global governance vacuum on corporate tax
📍 and what this could mean for the future of international taxation

👉 Read the full blog by our Chief Executive Alex Cobham here: https://taxjustice.net/2026/05/27/california-steps-up-for-tax-fairness/

28/05/2026

What could a billionaire wealth tax actually fund?

New research indicates that a one-off wealth tax of 5% on California's billionaires could raise around $100 billion to fund healthcare, education, and social programmes that have been cut by Trump's administration.

The discussion raises a fundamental question:

Can governments sustainably fund public services when enormous amounts of wealth remain largely outside the reach?

As billionaire fortunes increasingly come from unrealised capital gains rather than salaries, economists argue that tax systems built around “income” are struggling to keep up with modern wealth accumulation.

The rules of taxation were written for an economy that no longer exists. Updating them — at the state, federal, or international level — is a defining policy challenge of this decade. The question is whether there's political will to do it.

The conversation is shifting. "California’s tech sector produces billionaires faster than any other state’s. Its superrich (...) have accumulated enormous fortunes almost tax-free. The proposed billionaire tax would finally make them contribute in modest proportion to their gains. In November, California’s voters should show the nation the way forward", wrote Gabriel Zucman & Emmanuel Saez in The New York Times (Here: https://www.nytimes.com/interactive/2026/05/26/opinion/wealth-tax-california-billionaire.html?unlocked_article_code=1.lVA.28lH.RYqc9DAn3pi-&smid=nytcore-ios-share )

The full report, here: https://www.nber.org/papers/w35218