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Jeff Bezos crowned world's third richest as global tax talks heat up

financeAug 9, 202650224

Jeff Bezos has been crowned the world’s third richest person while campaigners say Amazon has dodged billions in tax. Governments are negotiating new global corporate tax rules, including talks at the United Nations on a treaty to tax multinationals where they generate profits and employ people. Activist groups and commentators are urging the UK government and others not to concede to the super-rich and to press for stronger rules to stop profit shifting into tax havens. The debate over billionaire power and low-tax projects among tech elites is running alongside coverage of private “network state” experiments such as Próspera, a $200 million special economic zone off Honduras with about 200 residents backed by figures including Peter Thiel, Sam Altman and Tim Draper. Próspera has its own low-tax regime and civil laws, faced a repeal of its enabling legislation in Honduras and an $11 billion lawsuit, and remains controversial as supporters return to power there.

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