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Taxing the super-rich: at the G20, Gabriel Zucman advocates for international standards for tax justice
In an exclusive interview, French Economist and Brazilian proposal influencer deliberates the crucial role of a 2% billionaire wealth tax in tackling global inequalities, bolstering public services, and cultivating a fairer, sustainable economy.
“Brazilian proposal at the G20 of taxing very wealthy individuals is absolutely necessary”, states North American millionaire Morris Pearl
According to Pearl, the rich are getting richer while the working class is losing hope due to ever-growing inequality. This disparity has reached a point where billionaires possess as much wealth as the total income of some countries, while millions of people around the globe face starvation.
France and the USA defend taxation of the super-rich and other Brazilian priorities at the G20
The countries, both members of the forum, also support other Brazilian priorities to boost the fight against the climate crisis. In a statement, Macron and Biden highlighted their commitment to green investments and increasing African representation in international institutions.
At the G20, Brasil's proposal to tax the super-rich may raise up to 250 billion dollars a year
The document provides technical support for Brasil’s G20 presidency’s proposal to tax the world's billionaires. Prepared by French economist Gabriel Zucman, the study highlights the importance of international collaboration to avoid tax evasion, as well as the obstacles to implementing an international taxation standard.
G20 Brasil reaches consensus on key communiqué: Tackles taxation and geopolitical issue
Under Brasil's presidency, G20 puts an end to years without consensus documents. Finance Track emphasizes urgent need for international tax cooperation, debt relief, financial system reform, and global governance overhaul.