( ) -q-23- UNDATED (Correspondent Jeremy House) “for the proposal.” Finance ministers from leading rich and developing nations are meeting in Rio de Janeiro to discuss a global tax on the super-rich. [CutID: <Cuts> G20-GLOBAL-TAX-house-q-FRIam.mp3 Time: 23s Title: G20-GLOBAL-TAX-house-q-FRIam Out-cue: for the proposal] TAG: Correspondent Jeremy House reporting. U.S. Treasury Secretary Janet Yellen says the […]
Audio
G20 finance ministers discuss a global tax on the super-rich
( ) -q-23- UNDATED (Correspondent Jeremy House) “for the proposal.”
Finance ministers from leading rich and developing nations are meeting in Rio de Janeiro to discuss a global tax on the super-rich.
[CutID: <Cuts> G20-GLOBAL-TAX-house-q-FRIam.mp3
Time: 23s
Title: G20-GLOBAL-TAX-house-q-FRIam
Out-cue: for the proposal]
TAG: Correspondent Jeremy House reporting. U.S. Treasury Secretary Janet Yellen says the U.S. doesn’t support the proposal and that tax policy is hard to coordinate globally.
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The proposal is a top priority for Brazil, which holds the Group of 20 presidency. The proposal before the G20 participants would require individuals with over $1 billion in total assets to pay the equivalent of 2% of their wealth in income tax. A Brazilian ministry official has said France, Spain, and South Africa have expressed support for the proposal.