London CNN —
Finance officials from the world’s biggest economies began talks this week on introducing a global minimum tax on billionaires.
The representatives of the G20 countries discussed the proposal at a summit in São Paulo, Brazil, two years after a landmark agreement showed the world could act together in setting a minimum tax rate of 15% for multinational companies.
According to the EU Tax Observatory, the super-rich in big countries pay a far smaller share of their income in taxes than ordinary people. And their wealth is hardly taxed, at effective rates of just
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