The director general of the International Monetary Fund (IMF) praised the position of the G20 in favor of “tax justice”, speaking of a “timely” and “welcome” decision.
The G20 countries pledged to “cooperate” so that the owners of the largest assets are taxed more, without however reaching the point of agreeing to the imposition of a global tax rate, according to the final communique adopted yesterday at the end of the finance ministers’ meeting of Member States, in Rio de Janeiro, Brazil.
With “full respect” for “national sovereignty in tax matters”, member countries of the group of twenty most developed economies in the world agreed to “try to work together” to “ensure that the wealthiest individuals contribute more”, in framework of more “fair” tax systems and societies, according to the announcement made by Brazil, the country holding the G20 presidency.
IMF Director General Georgieva welcomes the position of G20 in favor of “tax justice”
The director general of the International Monetary Fund (IMF) yesterday praised the position of the G20 in favor of “tax justice”, deeming the decision “timely” and “welcome” by its member states to “cooperate” to tax the owners of the largest properties.
“The shared vision of G20 ministers on progressive taxation is timely and welcome, as the need to recover fiscal margins while simultaneously addressing social and development needs entails difficult decisions in many countries,” Kristalina Georgieva stressed in a press release given in publicity from its services. In her view, “the promotion of tax justice will help ensure the social acceptance of these decisions”.
Source :Skai
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