Leaders gather in Brazil to explore solutions to the hypermobile super-rich avoiding tax
The G20 group of the world’s most powerful nations are exploring plans for a global minimum tax on the world’s 3,000 billionaires, aiming to end a “race to the bottom” that has enabled the super-rich to pay less than the rest of the population.
Leaders gathering in São Paulo on Thursday for a key G20 meeting of finance ministers and central bank governors are preparing to discuss an internationally agreed backstop on the taxation of hypermobile wealthy individuals, amid increasing global cooperation to tackle tax avoidance.
