Current Affairs - International - Discussion

The G20 endorsed Brazil's proposal to levy a 2% wealth tax on fortunes exceeding $1 billion, which inspired their agreement on taxing the ultra-rich. This initiative seeks to address wealth inequality and is projected to generate up to $250 billion annually from approximately 3,000 individuals. The G20's declaration supports cooperation on tax sovereignty, best practices, and anti-avoidance measures, reflecting a global commitment to more equitable taxation policies.