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If billionaires paid for riches, Lula says, hunger in Africa would end

If billionaires paid for riches, Lula says, hunger in Africa would end

If the planet’s 3,000 billionaires paid 2% taxes on income from their wealth, we could generate enough resources to feed 340 million people who, according to the Food and Agriculture Organization, [Organização das Nações Unidas para Agricultura e Alimentação]They face severe food insecurity in Africa.
Lula in a meeting with the President of Benin

This theme was repeated in Lula’s speeches. Last year, the government succeeded Taxing the money of the wealthy and offshore Brazilian companies located in tax havens, under the pretext of increasing revenues.

Brazil is trying to expand this agenda internationally. At the head of the G20, Itamaraty has championed the creation of international mechanisms for tax cooperation and the use of taxes on billionaires to finance measures to combat poverty and the climate crisis.

In June, the G20 Financial Architecture Working Group will encourage a discussion with African experts, the results of which we will present to the G20 Finance Ministers’ Meeting. […] Many developing countries have already formulated effective policies to eradicate hunger and poverty.
Lula in a meeting with the President of Benin

Earlier, Lula had already raised tax breaks. The speech came when the president was asked about a bill being processed in the chamber and attempts to impose a tax on international purchases of up to US$50. “We have two types of people who do not pay taxes: people who travel, with duty-free shopping, who do not pay “Middle class people.” Suggests that taxes should be objected to.

Lula also called for inequality to be a topic for the G20. “What we see today is a ridiculous net export of resources from the poorest countries to the richest countries. There is no way to invest in education, health or climate change adaptation if a large part of the budget is consumed in debt servicing.” He declared. Brazil holds the current presidency of the G20, a term that lasts until November of this year.

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