Brazilian Economy Minister Fernando Haddad attends a press conference to review the G20 Finance Ministers and Central Bank Governors Meeting, in Rio de Janeiro, Brazil, Friday, July 26, 2024. (AP Photo/Bruna Prado)By ELÉONORE HUGHESFinance ministers from leading rich and developing nations have agreed to strive toward effectively taxing the super-rich, a joint ministerial declaration said. Brazil's proposal to tax billionaires has divided G20 nations. Billionaires currently pay the equivalent of 0.3% of their wealth in taxes, according to a report by Gabriel Zucman, commissioned by Brazil. Brazil has put inequality, poverty and hunger at the heart of its presidency of the G20.

Source: The Guardian July 27, 2024 13:41 UTC