Taxes disproportionately affect “ordinary Europeans“ compared to the wealthiest, said the NGO Oxfam in its analysis on Monday 9 September. Revenues from taxes on consumption and labour, paid by the former, are 13 times higher than those from taxes on wealth, paid mainly by the latter.
In 2022, consumption and labour taxes accounted for almost 8 euros out of every 10 euros of total tax revenue in EU countries, while taxes on wealth contributed less than 60 cents for every 10 euros...