G20 agrees on joint effort to tax the super-rich, avoids broader deal

G20 nations committed to working together to ensure the super-rich pay their taxes but fell short of reaching a comprehensive agreement, according to a declaration adopted Friday after a finance ministers' meeting in Rio de Janeiro. The two-day conference highlighted divisions among member states over the issue, with the final statement emphasizing cooperative engagement and tax fairness as a priority.

Jul 27, 2024 - 07:00
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G20 agrees on joint effort to tax the super-rich, avoids broader deal
G20 nations committed to working together to ensure the super-rich pay their taxes but fell short of reaching a comprehensive agreement, according to a declaration adopted Friday after a finance ministers' meeting in Rio de Janeiro. The two-day conference highlighted divisions among member states over the issue, with the final statement emphasizing cooperative engagement and tax fairness as a priority.