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G20 Finance Ministers & Central Bankers Agree to Cooperate on Effective Taxing of UHNWs, Brazil Proposes 2% Billionaire Tax Which Will Raise $250 Billion Yearly from 3,000 Billionaires, Will Need to Decide to Advance Talks on Either United Nations or OECD

27th July 2024 | Hong Kong

G20 finance ministers & central bankers have agreed to cooperate on effective taxing of UHNWs (ultra high net worths) with Brazil proposing a 2% billionaire tax which will raise $250 billion yearly from 3,000 billionaires.  G20 will need to decide to advance talks on either the United Nations or OECD (Organization for Economic Cooperation and Development).  The G20 is the main forum for international economic cooperation. It plays an important role in defining and strengthening global architecture and governance on all major international economic issues.  The G20 is made up of 19 countries (Argentina, Australia, Brasil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Saudi Arabia, South Africa, Russia, Türkiye, UK and USA) and 2 regional bodies: the African Union and the European Union. The members of the G20 represent around 85% of the world’s GDP, more than 75% of world trade and around two-thirds of the world’s population. 

“ G20 Finance Ministers & Central Bankers Agree to Cooperate on Effective Taxing of UHNWs, Brazil Proposes 2% Billionaire Tax Which Will Raise $250 Billion Yearly from 3,000 Billionaires, Will Need to Decide to Advance Talks on Either United Nations or OECD “

 



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G20 Finance Ministers & Central Bankers Agree to Cooperate on Effective Taxing of UHNWs, Brazil Proposes 2% Billionaire Tax Which Will Raise $250 Billion Yearly from 3,000 Billionaires, Will Need to Decide to Advance Talks on Either United Nations or OECDD

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