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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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Lean Left

Les désaccords géopolitiques ont empêché les grandes nations de publier un communiqué commun, jeudi 29 février. Le Brésil, qui préside en 2024 le « club des vingt », propose un agenda en faveur d’une « nouvelle mondialisation » plus redistributive.

·Paris, France
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Lean Left

Brazil wants the largest economies in the world to agree that the rich should pay more taxes. The country, which will preside over the G-20 this year, has placed the fight against inequality at the center of the group's debates, and taxes on millionaires were set to be the star proposal of the Finance Ministers' meeting held this week in São Paulo. As he summed up on Thursday, the host, Brazil's finance minister, Fernando Haddad, described the g…

·Spain
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EBC broke the news in Quadra, Brazil on Wednesday, February 28, 2024.
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