RIO DE JANEIRO, Brazil — Brazil's vision for a global deal to tax the ultra-rich sparked divisions Thursday at a meeting of G20 finance ministers in Rio de Janeiro, where Washington dismissed the need for an international accord on the matter.
The richest one percent of the world have earned more than $40 trillion in a decade, but their taxation is at 'historically' low rates, the study said.Brazil's Economy Minister Fernando Haddad speaks during the G20 Ministerial Meeting in Rio de Janeiro, Brazil, on July 25, 2024.
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