Quotes
Wealth and income inequalities are undermining economic growth and social cohesion and aggravating social vulnerabilities,
When action is done collectively, everyone wins. When there is fragmentation, many lose,
For the first time in history, there is now a consensus among G20 countries that the way we tax the super rich must be fixed, and a commitment to work together for this. It's an important step in the right direction,
The climate crisis is expected to cost trillions of dollars every year and it is outrageous to expect that the regular taxpayer should pay for it, while the super-rich evade taxes,
said Camila Jardim of Greenpeace Brazil Now it is time to go further,
said Nobel Prize-winning economist Joseph Stiglitz on Friday, urging heads of state to coordinate minimum standards by November With full respect to tax sovereignty, we will seek to engage cooperatively to ensure that ultra-high-net-worth individuals are effectively taxed,
the declaration said after the two-day meeting in Rio de Janeiro Tax policy is very difficult to coordinate globally, and we don’t see a need or really think it’s desirable to try to negotiate a global agreement on that,
U.S. Treasury Secretary Janet Yellen told journalists Thursday We were always optimistic about this result, but it really exceeded our initial expectations,
Some individuals control more resources than entire countries,
Lula said Wednesday at the launch of an initiative to fight world hunger, another project topping his G20 agenda There is no consensus today to create a global tax on the capital of multimillionaires."
One participant at the meeting, speaking on condition of anonymity, told AFP Tax policy is very difficult to coordinate globally,
It is likely, based on my experience of previous G20s,
European Commissioner for International Partnerships Jutta Urpilainen told reporters Wednesday At the top of the pyramid, tax systems stop being progressive and become regressive. The super-rich pay proportionally much less tax than the working class,
I really believe that if this doesn’t make it into the declaration, there will be a certain frustration, as this was a bet by the Brazilian government,
Recognition that there is this kind of problem is already a good step,
Europe, and the subcommittee as well, can have a role in understanding these dynamics and to propose something consistent with the idea of Zucman and Piketty,
Who works, is not rich ... most of the inequality within our economies is not determined by labour,
he said, citing the work of Thomas Piketty, a fellow economist who also proposed a wealth tax A progressive tax system is really a pillar of our democratic societies,
Gabriel Zucman, Director of the Observatory, told reporters when presenting his findings We’ve seen a level of inequality growing,
said Chiara Putaturo, tax policy advisor at Oxfam EU, citing figures showing the richest 1% of the world amassed $42 trillion in new wealth over the past decade The super-rich pay proportionately less in taxes than other socioeconomic groups,
Zucman added ... and his study cites the case of the Netherlands, where billionaires pay under 20%, compared to a typical worker