inequality
Inequality in wealth distribution is prevalent across Europe. The wealthiest 10% on the continent own a staggering 67% of the wealth, while the bottom half of adults possess only 1.2% of it. The role of inheritance, estate and gift taxes are largely discussed in addressing inequalities. Some 19 of 27 EU countries levy wealth transfer taxes. However, revenues from inheritance, estate, and gift taxes exceed 1% of total taxation in only two EU countries, namely Belgium and France. What is inheritance tax?Inheritance tax is a specific form of wealth taxation. Net wealth taxes that are levied perio...
Euronews (English)
Wealth inequality is very much evident across the world, and Europe is no exception: the wealthiest 10% on the continent own a staggering 67% of the wealth, while the bottom half of adults possess only 1.2% of it. The extent to which wealth is unevenly distributed varies considerably from country to country too, as shown by Credit Suisse and UBS's Global Wealth Report 2023. Net worth or “wealth” is defined as the value of financial assets plus real assets (principally housing) that households own, minus their debts. Its unequal distribution is measured by the Gini coefficient and the share of ...
Euronews (English)
Brazilian climatologist Núbia Beray Armond had been sounding the alarm about Rio de Janeiro's need for an extreme heat plan including water distribution for years. Interest was tepid until a disastrous Taylor Swift concert - and now Beray Armond's phone won't stop ringing. A stifling heat wave blanketed southeast Brazil the day of Swift's concert last November, just before the start of summer in the Southern Hemisphere. Tens of thousands of 'Swifties' lined up for hours under a sweltering sun, some huddling beneath umbrellas. Once inside, a group of parched fans managed to get Swift's attentio...
Euronews (English)
Women who run farms and rural households in poor countries suffer more from climate change and are discriminated against as they try to adapt to other sources of income in times of crises, the United Nations warned on Tuesday. A new report by the Food and Agriculture Organization (FAO), “The Unjust Climate,” found that female-headed rural households lose on average 8% more of their income during heat waves and 3% more during floods, compared to male-headed households. “Considering the significant existing differences in agricultural productivity and wages between women and men, the study sugge...
Euronews (English)
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