"G20 Considers Global Tax to Ensure Super-Rich Pay Fair Share"

Brazil's finance minister proposed a global tax on the super-rich at a G20 meeting in Sao Paulo, emphasizing the need for international cooperation to tackle tax evasion and reduce inequalities. The proposal aims to address the estimated $4.8 trillion in lost tax revenue due to tax havens and the effective tax rates of billionaires. This initiative aligns with growing global consensus, including a UN resolution, for stronger international tax cooperation, although challenges remain in reaching a common document.