In working group meetings in the run-up to the G20, ministers and negotiators discussed Brazil’s proposal to tax billionaires’ incomes by 2%. According to French economist Gabriel Zucman, who worked as a consultant for Lula’s administration on the topic, such a measure would affect some 3,000 people around the world, of whom 100 are in Latin América.
Women walk past a giant coin that reads in Portuguese “Tax billionaires, tax polluters, $$$ for climate” on Leblon beach as part of a protest to draw attention to climate issues on the sidelines of the G20 Summit in Rio de Janeiro, Monday, Nov.18, 2024.
Further dimming prospects of consensus, Argentina’s negotiators challenged some of the draft language — and ultimately refrained from endorsing the complete document.“Although generic, it is a positive surprise for Brazil,” said Thomas Traumann, an independent political consultant and former Brazilian minister.“There was a moment when there was risk of no declaration at all.
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Author / Journalist: ELÉONORE HUGHES, MAURICIO SAVARESE and DAVID BILLER / The Associated Press
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