G20 Wants to Know Switzerland Says No to Taxes

💰🌍 THE WORLD DOUBLE ON TAXING THE RICH

⚖️ G20 Wants to Kill Switzerland Says No to Super Rich Taxes

📌 Recently, taxing the rich has become a global hot topic.

👉 One side wants to raise taxes to ensure fairness and fight tax evasion

👉 The other side has reduced taxes and incentives to attract the super-rich to bring money.

🌐 FULL PAYMENT

📊 Countries with the most wealth (wealth > $1 million):

🥇 USA | 🥈 China | 🥉 Germany | 🇯🇵 Japan (Wednesday) | 🇬🇧 UK

🔎 characteristics of rich people:

Small quantity

But paying huge taxes

At the same time easy to transfer property, avoid tax

👉 Therefore, the OECD - UN - G20 all consider this a key issue.

🏛️ G20 & COUNTRIES WANT "DESIGN"

📍 July 2024, G20 adopts Declaration on International Tax Cooperation

🎯 Goal: Countries to tax the rich more effectively

💡 Even Brazil has proposed:

💸 Tax a minimum of 2% per year for people with assets > $10 billion

❌ But not supported by the US → not done

🇯🇵 Japan is also taxing the super-rich:

Apply taxes when transferring assets abroad.

Patch the "100 million yen wall" (people with very high income but low tax rate)

📈 From fiscal year 2026:

👉 Additional tax increases stronger (reduce threshold, increase tax rate)

✈️ THE "RED WATER" FOR THE RICH

🌴 Some countries choose the opposite direction:

🇭🇰 Hong Kong, 🇸🇬 Singapore: Abolition of Inheritance Tax

🇵🇹 Portugal, 🇸🇰 Slovakia: tax incentives to attract the rich

📌 Results:

💼 Many rich people move to live and invest in these countries

🇨🇭 Switzerland - notable example

Proposal to tax super-rich inheritance by up to 50%

But 2025 referendum: ❌ 78.3% opposed → rejected

👉 Then, the rich tend to move on.

🇬🇷 Greece | 🇮🇹 Italy | 🇵🇹 Portugal

⚖️ CONCLUSION: NO GLOBAL AGREEMENT

🌍 The world is in a "two-way parallel" state:

One side: tax tightening - transparency - data sharing

One side: incentives - competition to attract the rich

📌 There is no binding international agreement.

👉 The main trend remains:

🔍 International Financial Information Exchange (CRS)

🔗 Cooperation against cross-border tax evasion