Brazil’s Foreign Minister Visits India Amidst Migrant Crisis

Brazil’s Foreign Minister Mauro Vieira arrived in New Delhi to participate in the 9th India-Brazil Joint Commission Meeting. The visit comes amid reports of over 600 Asian migrants, including at least 100 Indians, being held at Sao Paulo’s Guarulhos Airport without visas. The meeting will focus on strengthening bilateral ties and discussing key G20 outcomes.

G20 Agrees to Tax the Super-Rich, but Implementation Remains Unclear

The G20 has agreed to explore a wealth tax on the world’s wealthiest individuals, aiming to raise funds for combating climate change and poverty. While a consensus was reached, concerns about its viability and implementation persist, with some countries expressing skepticism. Brazil, leading the initiative, seeks to impose a minimum 2% tax on the richest billionaires, potentially generating billions of dollars annually for public services.

G20 Agrees to Tax the Super-Rich, But No Global Deal Yet

The G20 nations have reached an agreement to work together to ensure the ultra-wealthy pay their fair share of taxes. This agreement, reached at a meeting of finance ministers in Rio de Janeiro, falls short of a full-fledged global deal but marks a significant step towards addressing wealth inequality. While the US and Germany oppose a global tax on billionaires, countries like France, Spain, and South Africa support the initiative. This agreement comes amid growing concerns about wealth disparity and the need for robust fiscal buffers to address global challenges like climate change.

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