"The taxation of high net-worth individuals is very important as it could be a source for funding initiatives that fight hunger and poverty, and also tackle climate change," Tomas Marques, a research fellow at Hamburg's GIGA Institute for Latin American Studies.
"Despite fierce resistance from the United States and within Germany's now collapsed coalition government, the world's wealthiest nations agreed to start a dialogue on fair and progressive taxation..."
"Zucman estimates that the top 0.01% of the population pay an effective tax rate of just 0.3% of their wealth, highlighting the need for more equitable tax strategies."
"The funds raised would be used to tackle growing global inequalities, especially among heavily-indebted low-income countries, including many in Africa, focusing on addressing pressing global issues."
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