RIO DE JANEIRO — Brazil’s financing minister informed his peers Thursday at a G20 conference in Sao Paulo that nations must execute a worldwide tax on the super-rich in an effort to dealwith widespread tax evasion.
Fernando Haddad stated tax evasion can be dealtwith through global cooperation so that “these coupleof people make their contribution to our societies and to the world’s sustainable advancement.”
He included that Brazil is pressing for a statement on worldwide tax by G20 members that he hopes would be prepared in July. But in a press conference at the end of the conference, he acknowledged the course would be far from smooth.
“There will be a lot of argument about this, which is definitely natural, particularly because not every nation feels the verysame method about this issue that was brought to the G20 by Brazil,” he stated.
Brazil presently has the presidency of the 20 leading abundant and establishing countries and President Luiz Inácio Lula da Silva has put problems that issue the establishing world – such as the decrease of inequalities and the reform of multilateral organizations — at the heart of its program.
“Brazil has a function to play, a authenticity to usage on the problems that requirement to be resolved and that are not constantly represented in the G20,” Haddad stated, pointing to en