G20 Leaders Remain Committed to Two-Pillar Solution and Support International Tax Cooperation and Effective Taxation of Ultra-High-Net-Worth Individuals

The G20 Leaders' Declaration has been published following the Summit held from 18 to 19 November 2024 in Rio de Janeiro, Brazil. With respect to taxation, the Declaration includes the following:

16. We endorse the Rio de Janeiro G20 Ministerial Declaration on International Tax Cooperation. Progressive taxation is one of the key tools to reduce domestic inequalities, strengthen fiscal sustainability, foster budget consolidation, promote strong, sustainable, balanced, and inclusive growth and…