Brazil Unveils Global Billionaire Tax Plan That Has Split G-20
- Proposal aims for $250 billion to address climate, inequality
- Wars, elections add to hurdles in front of tax change
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The US has dismissed it. Germany is skeptical. And France is suddenly facing an uncertain future that could threaten its own efforts to champion the idea.
French economist Gabriel Zucman on Tuesday detailed his plan to create a global minimum tax on billionaires, a centerpiece of Brazil’s yearlong Group of 20 nations presidency that is facing steep challenges in a tumultuous international climate dominated by contentious elections and two major wars.