G20 fails to agree on global billionaire tax – Politico ...News

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G20 fails to agree on global billionaire tax – Politico
At a meeting in Brazil, the US led the campaign against a minimum levy on the world’s richest 3,000 people The finance ministers of the world’s 20 leading economies have failed to agree on a global tax on billionaires, but promised to impose progressive taxes on the super-rich, Politico reported on Friday. At a meeting in Rio de Janeiro, the ministers said they would start a “dialogue on fair and progressive taxation, including of ultra-high-net-worth individuals,” according to the text of a joint communique seen by Politico. The communique will be published later on Friday, and will not include a statement of sup

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