Congress Pushes for Billionaire Tax Amid Global Discussions
- Congress has asked Prime Minister Narendra Modi for his stance on a billionaire tax ahead of the G20 meeting. - Brazil's proposal for a 2% wealth tax on billionaires, supported by several countries, could raise significant funds for public investments. - A research paper suggests a 2% wealth tax and a 33% inheritance tax in India could generate 2.73% of GDP in revenues. - A survey shows 74% of Indians support taxing wealth to address global issues like hunger, inequality, and climate crisis. - Former leaders have urged current G20 leaders to support a global billionaire tax, though some nations have raised objections. Source: Economic Times
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