Presented during the United Nations 4th international conference on financing for developersT, which takes place this week in Seville, the proposal highlights an increasing problem: the richest individuals often contribute less to public finances than ordinary taxpayers, thanks to effective tax rates and lower legal gaps.
“Our countries need more and more public income to meet their needs. Inequality is a problem everywhere and The richest is lower than the middle class – even less than low -income taxpayers“Said the Spanish Secretary of State for Finance Jesús Gascón, at a press conference at the place of the conference, where temperatures have skyrocketed to record summits in recent days.
The two governments call on others to join a reader for a fairer and more progressive global tax system. They indicate a harsh reality: the richest of the world’s population has more than 95% of combined humanity.
The Spanish Secretary of State for Finance Jesús Gascón (on screen) addresses a meeting at the Financing for Development conference in Seville, Spain.
Knowledge sharing, fill the gaps
In today’s interconnected world, access to reliable data is essential. The initiative favors the sharing of information – between governments and tax authorities – to help expose gaps in tax systems, close gaps and combat escape and avoidance.
Improving data quality and national capacity building for data analysis will help tax administrations to identify where and how wealth is concentrated, how much is paid and what should change.
Although some progress has already been made, countries say that much more must be made and that many other countries should get on board.
“” There is a real need to know who are beneficial owners behind companies and the legal structures used to hide wealth“Said Mr. Gascón.
A global wealth register?
Spain and Brazil even envisage measures to a global register of wealth – recognizing that it would take time, political will and major national efforts.
But the objective is clear: more transparency, more responsibility and more equitable contributions from the richest.
“” We cannot tolerate the intensity of inequality, which has increased in recent years“Said the Minister of Brazil-Cousellor at the UN, José Gilberto Scandiucci denying that it was a kind of distant agenda.
“” This is a moderate initiative to face a very radical reality. “”
The proposal is part of the Seville platform for actionwhich turalizes voluntary actions to help achieve the Sustainable development objectives (ODD) – Currently very off the track for the 2030 deadline.
The G20 highlights the “high value” factor
It also followed the 2024 agreement by the G20 industrialized nations which met in Rio, Brazil, last year – the first international agreement to engage in a joint tax program for individuals.
A three -month work plan is now under development, with regular meetings planned to follow progress. The objective: to bring more countries, international organizations and civil society on board to advance tax reforms targeting ultra-rich.
“If we want to effectively tax super-rich, fight against inequalities and make our tax systems more equitable and more progressive, We need political will – and we have to act under our means“Added Mr. Gascón.
Publicado anteriormente en Almouwatin.
