{"id":89034,"date":"2024-05-24T19:25:36","date_gmt":"2024-05-24T22:25:36","guid":{"rendered":"https:\/\/murray.adv.br\/?p=89034"},"modified":"2024-05-24T19:25:38","modified_gmt":"2024-05-24T22:25:38","slug":"taxing-super-rich-requires-global-agreement","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/taxing-super-rich-requires-global-agreement\/","title":{"rendered":"Taxing super-rich requires global agreement"},"content":{"rendered":"\n<h6 class=\"wp-block-heading has-text-align-center\"><strong><em>Measure is one of the main agendas of the Brazilian presidency in the G20<\/em><\/strong><\/h6>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>05\/24\/2024<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"347\" height=\"234\" src=\"https:\/\/murray.adv.br\/wp-content\/uploads\/2024\/05\/G20.jpg\" alt=\"\" class=\"wp-image-89035\" style=\"width:561px;height:auto\" srcset=\"https:\/\/murray.adv.br\/wp-content\/uploads\/2024\/05\/G20.jpg 347w, https:\/\/murray.adv.br\/wp-content\/uploads\/2024\/05\/G20-300x202.jpg 300w\" sizes=\"auto, (max-width: 347px) 100vw, 347px\" \/><\/figure>\n<\/div>\n\n\n<p>One of the key agendas of the Brazilian presidency in the G20, the taxation of the super-rich at a global level, will only be feasible through international cooperation, said Felipe Antunes, coordinator of the International Financial Architecture Working Group, on Thursday. Before him, Finance Minister Fernando Haddad said that Brazil\u2019s proposal \u201chas gained traction\u201d within the group.<\/p>\n\n\n\n<p>Minister Haddad participated in the G20 International Taxation Symposium in Bras\u00edlia. The event brought together representatives from various countries to discuss improvements in tax collection and the allocation of these resources. Another Brazilian initiative is for taxation to help combat social inequality and climate change.<\/p>\n\n\n\n<p>Felipe Antunes noted that the wealthiest 0.1% of the world pays less tax proportionally and that \u201ccorrecting this distortion is a challenge even for rich countries.\u201d<\/p>\n\n\n\n<p>The coordinator explained that only effective international cooperation, with the exchange of information between countries, will allow more effective control over transactions made to evade taxation. He also noted that the super-rich are \u201cvery mobile,\u201d meaning they can efficiently move resources between countries.<\/p>\n\n\n\n<p>The need for more equitable taxation on this demographic is one of the points of consensus among G20 members, both at the governmental level and within civil society. The challenge, however, will be finding a convergence point on how to operationalize higher tax collection.<\/p>\n\n\n\n<p>Mr. Antunes also noted that tax autonomy is an important attribute of national sovereignty and that any changes require extensive debate. \u201cIt\u2019s difficult to advance, hence the importance of international cooperation,\u201d the coordinator emphasized.<\/p>\n\n\n\n<p>Another Brazilian initiative during its presidency of the group, the reform of multilateral organizations, was addressed by Mr. Haddad. \u201cWe will need to rethink institutions, multilateral organizations, and multilateral banks, as well as international relations,\u201d he said. \u201cFrom there, we will rethink the financing of this equation, which is difficult,\u201d the minister added.<\/p>\n\n\n\n<p>Brazil, the minister said, needs to contribute \u201cbecause inequality is a hallmark of our history.\u201d \u201cTo this day, we face the challenge of reducing inequality. At times, we have managed to make some progress with great effort, but the results have been modest so far. There is still much to be done,\u201d he argued.<\/p>\n\n\n\n<p>The topic of global taxation will be discussed again in person at the G20 Finance Ministers\u2019 meeting, scheduled for July in Rio.<\/p>\n\n\n\n<p>*Por Murillo Camarotto, Guilherme Pimenta\u00a0\u2014 Bras\u00edlia<\/p>\n\n\n\n<p>Source: Valor International<\/p>\n\n\n\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/valorinternational.globo.com\/\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Measure is one of the main agendas of the Brazilian presidency in the G20 05\/24\/2024 One of the key agendas of the Brazilian presidency in the G20, the taxation of the super-rich at a global level, will only be feasible through international cooperation, said Felipe Antunes, coordinator of the International Financial Architecture Working Group, on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[25063,25062],"class_list":["post-89034","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-requires-global-agreement","tag-taxing-super-rich"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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