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.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Fair Park finance mess must be cleared upFair Park First must elevate transparency above other concerns or risk wrecking the trust that it worked so hard to build in Dallas.
Source: dallasnews - 🏆 18. / 71 Read more »

Hong Kong eyes DeFi, DAO spent $37M to help free Julian Assange: Finance RedefinedThe AssangeDAO core team member said this could be considered the first historical event in which the DeFi community contributed to releasing someone from prison.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Curve Finance adopts crvUSD for fee distributionCurve Finance transitions from 3crv to crvUSD for fee distribution, enhancing the stablecoin’s utility and integration within its ecosystem. This change aims to incentivize user engagement and simplify fee usage.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Transition Planning Is The Latest Buzzword In Sustainable FinanceSimi Thambi is a climate economist. She has worked with leading organizations, including the United Nations, the International Monetary Fund and the Government of India, on sustainability themes across agriculture, land-use change and energy sectors.
Source: ForbesTech - 🏆 318. / 59 Read more »