Some billionaires pay too little tax
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Finance & economics | Free Exchange
But the case for levies on wealth is unconvincing
Illustration: Álvaro Bernis
Jun 4th 2026|5 min read
Suppose you are the billionaire founder of Veblen Luxe SA, a European company selling solid-gold luggage tags. How should you organise your financial affairs? One option would be to hold your Veblen shares directly. But then you must pay income tax immediately when the company pays you dividends.
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