This Monday, Pedro Sánchez called for the creation of a global wealth tax during his speech at the G20 summit being held in Brazil. In line with the host president, Lula da Silva, the president of the Spanish Government has demanded concrete actions to combat tax evasion and avoidance. “We must promote measures such as a global tax on the wealth of large fortunes, as you propose and we defend together, President Lula,” he noted.
During his speech at the first work session dedicated to ‘Social inclusion and the fight against hunger and poverty’, Sánchez also announced that he will deliver 400 million euros to the International Development Association (IDA) to finance development projects. . “There is no other cause that is more important or urgent,” the Chief Executive stated before the rest of the leaders.
The president has detailed that Spain is willing to lead by example and commit 400 million euros in the next replenishment of the International Development Association. A figure that, according to Moncloa, represents an increase of almost 40% compared to the previous replacement. Sánchez has asked the rest of the leaders to increase their “ambition” to guarantee an adequate international financial architecture.
#Sánchez #asks #G20 #global #wealth #tax
