The G-20 finance ministers confirmed on Thursday in Washington their desire to “cooperate” to increase taxes on the super-rich, just weeks before a meeting of Heads of State and Government in November, where this will be one of the main topics.
“With full respect for fiscal sovereignty, we look forward to discussing possible areas of cooperation to ensure that ultra-high net worth individuals pay taxes effectively,” reads the final statement from the G20 Finance Ministers in Washington, published on Thursday outside the meetings. of the International Monetary Fund (IMF) and the World Bank (WB).
Without being able to agree on establishing a global minimum tax for the super-rich, as was the wish of Brazil, which chairs the forum this year, the G20 countries committed in July at a previous meeting of Finance Ministers to “cooperate “so that the greatest fortunes pay more taxes, in the name of the fight against inequalities.
In the name of the fight against inequalities
Promoted by the Brazil of leftist President Luiz Inácio Lula da Silva, the idea of creating a minimum tax for the richest did not achieve consensus, but a compromise emerged to encourage everyone to tax them more.
“Today’s G20 ministerial meeting reflects the emergence of a consensus among the world’s largest economies to reduce extreme inequality by ensuring the ultra-rich pay their fair share,” Susana Ruiz, head of tax at Oxfam International, said Thursday in a statement. .
The G20 Heads of State and Government must now endorse their commitment on this issue at the next G20 meeting in Rio de Janeiro in November, which will take place just after the US elections.
Source: BFM TV
