Giorgia Meloni, Joe Biden, Narendra Modi, Luiz Inacio Lula da Silva, Alberto Fernande
Global minimum tax, the Earth’s leaders are studying the plan to hit the super-rich
There global minimum tax on super-rich it could soon become reality. What until recently seemed like a simple utopia is now a concrete project. This was revealed by Financial Times: “It may come sooner than you think.” The hypothesis would have been discussed by the world’s leaders at the G20. States need resources for transitions and affecting only the 3 thousand billionaires of the world the revenue would be 250 billion. We study a agreement between 139 countries on a global minimum tax on multinationals, which came into force this year albeit in a weakened form. At the G7 in Stresa – reports Il Fatto Quotidiano – no progress was made: the aim is to pull the strings at the G20 in July in Rio. The G7 simply declared its commitment to “progressive and fair” taxation of individuals. From a political point of view, the risks are limited: a targeted intervention on billionaires avoids the risk of an electoral boomerangevident if even small assets were affected as the original hypothesis predicted.
Data on the increase in the concentration of wealth in recent decades and especially after the “reverse redistribution” caused by Covid and maxi inflation – continues Il Fatto – they have oriented public opinions very clearly. From various international surveys one emerges large majority in favor of a major withdrawal from wealth with relatively low deductibles, a few million. In this wake, bottom-up initiatives have also arisen alongside multilateral negotiations. In 2023 a group of politicians, activists and economists launched a collection of signatures to urge the EU Commission to launch a continental wealth tax to finance the ecological and social transition.
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