Taxation of the super-rich: “Coordinated motion between international locations to implement it’s more and more pressing”

ROMA – Commenting on the ultimate communiqué of the assembly of Finance Ministers and Governors of the Central Banks of the G7 international locations in Stresa, Mikhail Maslennikov, political advisor on tax justice of Oxfam Italy, stated: “The discussions on the G7 and G20 ranges on the necessity for a brand new worldwide agenda for the taxation of the ultra-rich are encouraging. Majorities of residents in lots of international locations, no matter political preferences, strongly help rising the tax burden on the wealthiest taxpayers.

The purpose of fairness and long-term sustainability. Rising taxation on the wealthiest members of our societies is in actual fact important to strengthen the equity of tax methods, assure the long-term sustainability of public funds and get well essential sources for preventing poverty, to strengthen public providers, corresponding to schooling and well being and to combat local weather change. All governments should acknowledge the significance of worldwide coordinated motion. The trouble to foster sturdy worldwide cooperation on the taxation of the super-rich, put in place by the Brazilian Presidency of the G20 and supported by France and lots of different nations, is commendable. And it’s within the curiosity of each single nation to make sure that this effort is reworked right into a concrete work agenda.”