"G20 Considers Global Tax to Ensure Super-Rich Pay Fair Share"
TL;DR
Brazil's finance minister proposed a global tax on the super-rich at a G20 meeting in Sao Paulo, emphasizing the need for international cooperation to tackle tax evasion and reduce inequalities. The proposal aims to address the estimated $4.8 trillion in lost tax revenue due to tax havens and the effective tax rates of billionaires. This initiative aligns with growing global consensus, including a UN resolution, for stronger international tax cooperation, although challenges remain in reaching a common document.
Topics:worldglobal-economics#brazil#g20#global-economics#international-cooperation#super-rich#tax-evasion
- Brazil proposes a global tax on the super-rich The Associated Press
- ‘A historic step’: G20 discusses plans for global minimum tax on billionaires The Guardian
- Global 'War on Fair Taxation' Has Slashed Taxes for Richest 1% by a Third Common Dreams
- Elizabeth Warren's Tax Guru Makes Case at G-20 to Soak Global Billionaires Bloomberg
- Brazil urges G20 ensure 'super-rich pay fair share' of taxes Yahoo News
Want the full story? Read the original reporting
Read on The Associated Press