On Monday 18 November, at the G20 summit in Rio de Janeiro, Brazil, the leaders of the G20 member states pledged to cooperate on effective taxation of high-net-worth individuals.
“Progressive taxation is one of the key tools to reduce domestic inequalities, strengthen fiscal sustainability, foster budget consolidation, promote strong, sustainable, balanced, and inclusive growth and facilitate the achievement of the SDGs [Sustainable Development Goals]”, they stressed in their...