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Published 2 months ago

Brazil’s finance minister proposes global tax on the super-rich at G20 meeting in Sao Paulo

  • The G20 meeting in Sao Paulo discussed implementing a global tax on the super-rich to combat tax evasion. Brazil's finance minister emphasized international cooperation for this goal.
  • Scandals like the Panama and Paradise Papers have exposed widespread tax evasion, intensifying the wealth gap amplified by the pandemic, according to Oxfam International.
  • Calls for higher taxes on the wealthy are increasing due to rising inequalities. U.S. President Joe Biden has proposed a billionaire minimum income tax, supported by the United Nations General Assembly.
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