the Brazilian unit non-governmental organization OXFAM Brasil on Monday published the results of their study titled “Who pays the bill? – Wealth tax to combat the crisis of coronavirus in Latin America and the Caribbean”. The NGO staff compared the state’s richest men in Latin America on March 18 and July 12 this year, according to Forbes magazine.
During the pandemic 73 the richest man in the Latin American region have increased their state of 48.2 billion dollars. According to researchers, this figure corresponds approximately to one third of all funds allocated to the fight against the pandemic in Latin America. Five months of quarantine here were eight new billionaires.
However, the greatest growth of incomes of the most prosperous part of the population occurred in Brazil – the largest economy of the region. Five months of quarantine 42 richest people in the country have increased their total state of 123.1 to was 157.1 billion.
revenue Growth of Brazilian billionaires occurred against the backdrop of disappointing macroeconomic indicators of the Brazilian economy. The unemployment rate in June rose to 12.4 percent. The Brazilian real has depreciated by 23 percent. According to the pessimistic forecast of the IMF, the country’s GDP by the end of this year may have fallen by 9.1 per cent – the worst figure for the last 120 years. And the national debt by the end of the year could reach 100 percent of GDP.
against this background, the government of Brazil again raised the question of a thorough reform of taxation, the need for which was discussed in the end of last year. However, the pandemic coronavirus has postponed this topic in the long box from which the project got in early last week.
His contribution to the discussion of this issue and decided to make the researchers OXFAM Brasil. As emergency measures, they proposed to introduce an emergency tax on big fortunes, excess profit tax large corporations tax on online purchases, a package of public aid for large companies with defined conditions, as well as tax cuts for the poor.
