CNN —The last decade has been very lucrative for the world’s super-rich residents, fueling the drive by some advocates to tax them more.
The top 1% has seen its wealth soar by $42 trillion over the past decade, according to a new analysis by Oxfam International, which is being released ahead of the G20 finance ministers and central bank governors’ meeting in Brazil.
“The richest one percent of humanity continues to fill their pockets while the rest are left to scrap for crumbs.”Oxfam regularly issues reports highlighting global inequality and pushes for changes to start evening the playing field.
“Momentum to increase taxes on the super-rich is undeniable, and this week is the first real litmus test for G20 governments.
Finance officials from the world’s biggest countries began talks earlier this year on introducing a global minimum tax on billionaires.
Persons:
That’s, ”, Max Lawson, Gabriel Zucman, ” Lawson
Organizations:
CNN, Oxfam International, Oxfam International’s, Oxfam, EU, Observatory, Zucman, Finance
Locations:
Brazil