World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

1 month ago
26

Ministers from Brazil, Germany, South Africa, and Spain have proposed a minimum 2% tax on the world’s 3,000 billionaires to generate £250 billion annually.

They argue that this tax would address poverty, inequality, and climate change, particularly in the wake of the pandemic and global conflicts.

Emphasizing the importance of tax policy in promoting equality and funding public goods, the ministers stress the need for a fair contribution from all segments of society.

The proposal, supported by France and under discussion by the G20, aims to counteract billionaires’ low effective tax rates and prevent tax evasion through international cooperation, The Guardian reported.

read more: https://www.theguardian.com/inequality/2024/apr/25/billionaires-should-pay-minimum-two-per-cent-wealth-tax-say-g20-ministers

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley

Follow Me On Truth Social
https://truthsocial.com/@BC_Begley

#G20summit #G20

Loading comments...