Brazil and Spain sign a memorandum in search of solutions for the taxation of huge capital.
The finance ministers of Brazil, Dario Durrigan, and Spain, Arcadi España, signed this Tuesday (10) a memorandum of understanding to expand the cooperation between the two countries in the taxation of huge capital.
The purpose of the agenda is to promote international coordination to increase the collection of taxes on the super rich and to fight social inequality. The signing ceremony was held virtually.
According to Durrigan, it is "simply unacceptable that the super-rich will continue to pay relatively less taxes and international cooperation is a necessary pillar for us to build fairer and more balanced tax systems."
The memorandum allows for the exchange of technical knowledge in the tax field, in addition to cooperation in the development of proposals for evidence-based tax reform.
The document also establishes a commitment to promote discussions on the taxation of huge wealth in international forums, such as the United Nations (UN) and the Organization for Economic Co-operation and Development (OECD).