Ministers of Germany, Brazil, South Africa and Spain: why we need a global tax on billionaires

The Guardian— Finance chiefs say higher taxes for the super-rich are key to battling global inequality and climate crisisBillionaires should pay minimum 2% wealth tax, say G20 ministersWhen the governors of the World Bank and the International Monetary Fund convened for the spring meetings last week, it was all about the really big questions. What can the international community do to accelerate decarbonisation and fight climate change? How can highly indebted countries retain fiscal space to invest in...

Mother Jones—G20 ministers get behind a global wealth tax on billionaires. This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. The world’s 3,000 billionaires should pay a minimum 2 percent tax on their fast-growing wealth to raise about $313 billion a year for the global fight against poverty, inequality, and global heating, ministers from four leading economies have suggested. In a sign […]

The Guardian—Why are billionaires scared of Brazil’s plan to hit them with a global tax? Because it makes perfect sense. As the fortunes of the super-rich soar, a proposed annual levy of 2% could offer a corrective – and they will fight it tooth and nailThe idea is simple. There are about 3,000 billionaires in the world and in recent years they have been getting richer and richer. Demands on hard-up governments from ageing populations and the drive to achieve net zero are growing all the time. Rather than expect voters already struggling to make ends meet to pay more, how about a wealth tax on Jeff Bezos, Elon...

Finimize—Global Markets In Focus: From South Africa To Wall Street. A crucial week for financial markets as eyes turn to economic events and corporate strategies worldwide.