G20 finance ministers agree to work toward effectively taxing super-rich
4 months, 3 weeks ago

G20 finance ministers agree to work toward effectively taxing super-rich

Business Standard  

Brazil is also pushing for changes in global governance institutions and advocating for a sustainable energy transition. Finance ministers from leading rich and developing nations agreed Friday to strive toward effectively taxing the super-rich, a joint ministerial declaration said. Tax policy is very difficult to coordinate globally, and we don't see a need or really think it's desirable to try to negotiate a global agreement on that, US Treasury Secretary Janet Yellen told journalists Thursday. A 2 per cent tax would raise $200 billion to $250 billion per year globally from about 3,000 individuals, money that could fund public services such as education and health care as well as the fight against climate change, the report said.

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