According to the new initiative step, more than 3000 billionaires will be waged with a minimum 2% tax. These are the measures offered by the authorities of Brazil, Germany, South Africa and Spain, aimed at raising up to £ 250 billion ($ 312 billion) annually for global poverty, inequality and climate change.
Ministers from these countries, noting the growing international support, express the conviction that such tax will contribute to the reduction of inequality and will provide public funds, especially after economic challenges caused by pandemic, climatic crisis and military conflicts.
The initiators urge other countries to join their campaign. Brazil has already included this issue on the agenda of the G20 finance ministers this year. The French economist Gabriel Zukman, who develops a plan, notes that France and Brazil support the wealth tax, and the United States, although they do not support it, do not oppose it.
Signed by ministers from Germany, Spain, Brazil and South Africa, the report states that tax for the assumption is an important element of poverty fighting, supplementing other initiatives, such as digital economy taxation and minimum corporate tax.
Zokman predicts "rigid resistance" from billionaires, but emphasizes the need for this step to combat inequality and ensure social progress.
