“Now is the time to turn words into action and launch an inclusive international negotiation, extending beyond G20 countries, on the reform of the taxation of the superrich,” said economist Gabriel Zucman.
By Julia Conley Published 11-19-2024 by Common Dreams
Acknowledging that “the era of the billionaire” is still in full swing across the globe, economic justice advocates on Tuesday applauded a “landmark commitment” by G20 leaders at the group’s annual summit in Rio de Janeiro, where delegates agreed to cooperate on efforts to ensure the richest households in the world are taxed fairly.
The final communiqué out of the G20 Summit includes a commitment from 19 countries, the European Union, and the African Union, to “engage cooperatively to ensure that ultra-high-net-worth individuals are effectively taxed.”
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