An agreement on Brazil’s proposal to tax the super-rich remains off the table when officials from the Group of Twenty (G20) meet in Rio de Janeiro this week, German Finance Ministry sources said on Tuesday.
Brazil, which heads the G20 presidency, is aiming to build international consensus on wealth taxation this year and is pushing for a joint statement at the G20 finance ministers and central bankers meeting.
There will be no concrete discussions at meetings on Thursday and Friday in Brazil and the plans are “nowhere near consensus,” one source said.
Other ideas are being discussed, such as how to avoid hiding assets, how to fight tax evasion and how to create more transparency, the sources said.
There will be a document focusing only on financial issues.
Due to the different positions on the conflicts in Ukraine and the Middle East, the countries’ views on these issues will be summarized only in a separate document by the Brazilian hosts.
Source: Terra
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