wealthiest people

G20 Nations Take ‘Important Step’ Toward Fair Taxation of Ultra-Rich | Common Dreams

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G20 Nations Take 'Important Step' Toward Fair Taxation of Ultra-Rich | Common Dreams

Despite pushback from the United States delegation, finance ministers at a meeting of the G20 countries in Rio de Janeiro on Thursday agreed on the need to develop a global taxation system in which the richest in the world are taxed at a higher rate—potentially unlocking hundreds of billions of dollars annually to help close … Read more

The OECD’s push for global taxes continues GIS Reports

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The OECD’s push for global taxes continues GIS Reports

The OECD is developing ways to increase taxes on international businesses, cross-border investment and global levies on wealth and energy generation. Mathias Cormann, former finance minister of Australia, is the sixth secretary-general of the OECD, in office since June 2021, appointed by the member governments for a five-year term. On his watch, the organization continues its … Read more

Janet Yellen says America won’t back a billionaire tax

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Janet Yellen says America won't back a billionaire tax

World leaders are considering a global tax on the world’s richest people, but the U.S. does not support the idea.