2024-07-31 11:39:25
USA yesterday opposed the creation of a global tax to great riches, but Brazil welcomed the meeting of finance ministers of the G20 in Rio de Janeiro marks “the first step” towards realizing the ambitious idea.
The proposal to tax the super-rich is being pushed in the G20 by the Brazilian president, Luiz Inácio Lula da Silvawhich this year presides over the block of the 20 largest economies .
The secretary of the Tesoro American Secretary of State Janet Yellen said at a press conference in Rio during these high-level meetings that the United States is opposed to a coordinated tax.
“We do not see the need nor do we believe it is desirable to try to negotiate a global agreement on that issue,” he said. Yellen.
“The United States supports firmly a tax system progressive, ensuring that very wealthy individuals with high incomes pay their fair share,” he added.
But although there is no consensus on this point, the Brazilian minister of Treasury, Fernando Haddad, He welcomed the discussions and said the statement to be issued on Friday represents a “first step recognised by all 20 G20 members”.
The text final contempla “The Brazilian proposal to start thinking about international taxation not only from the point of view of companies but also from that of super-rich individuals,” he said. Haddad to reporters at the end of the first day of meetings on Thursday.
“It is a conquest of moral nature”, He stressed. According to a draft of this “declaration,” the G20 members make the following commitment: “While fully respecting fiscal sovereignty, we strive to cooperate to ensure that the ultra-rich are effectively taxed.”
“Inequalities in wealth and income undermine economic growth and social cohesion and aggravate social vulnerabilities,” the text continues. It underlines the importance of “to promote effective, fair and progressive fiscal policies”, without mentioning the tax.
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2024-07-31 11:39:25