For years, calls to tax the rich have only gotten louder — while the world’s wealthiest have only gotten richer.
But during the Group of 20 summit, leaders from the globe’s largest economies have agreed to ensure ultra-high net worth individuals are appropriately taxed.
“This is the first time we have a global agenda talking about how to tax, globally and through coordinated principles, rich individuals,” said Susana Ruíz, the international tax lead at Oxfam International. “Before that, it was completely banned from the agenda.”
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About the author
Elissa Miolene
Elissa Miolene reports on USAID and the U.S. government at Devex. She previously covered education at The San Jose Mercury News, and has written for outlets like The Wall Street Journal, San Francisco Chronicle, Washingtonian magazine, among others. Before shifting to journalism, Elissa led communications for humanitarian agencies in the United States, East Africa, and South Asia.
