Finance ministers of the Group of 20 in Brazil discuss tax on super-rich

Brazil’s President Luiz Inacio Lula da Silva waves during the opening event of the Global Alliance Against Hunger and Poverty meeting, on the sidelines of the G20 Ministerial Meetings in Rio de Janeiro, Wednesday, July 24, 2024. RIO DE JANEIRO — Finance ministers from leading rich and developing nations gathered in Rio de Janeiro on Thursday for a two-day meeting to discuss a global tax on the super-rich, a top priority for Brazil, which holds the presidency.

Brazil nevertheless hopes finance ministers will approve a statement on international tax cooperation that will include mention of the global tax on the super-rich, Tatiana Rosito, international affairs secretary at Brazil’s Ministry of Finance, told journalists Tuesday.Man City completes signing of Brazil star Savinho for $43.6 million

“I really believe that if this doesn’t make it into the declaration, there will be a certain frustration, as this was a bet by the Brazilian government,” Carazza added., according to a report from French economist Gabriel Zucman commissioned by Brazil. The report said a 2% 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.

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