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Time for a global deal to tax the super-rich

The richest 1% have more wealth than the bottom 95% of people
The G20 summit is a key global opportunity for action on taxing extreme wealth
The Prime Minister can tip the balance if he works with others towards a global deal
Ask your MP to call on the Prime Minister to take action at the G20 summit

More about this issue

Time for a global deal to tax the super-rich

The richest 1% have more wealth than the bottom 95% of people
The G20 summit is a key global opportunity for action on taxing extreme wealth
The Prime Minister can tip the balance if he works with others towards a global deal
Ask your MP to call on the Prime Minister to take action at the G20 summit

More about this issue

There are enough resources in the world to address the challenges we face. But extreme inequality is fueling crises for people and planet. A global deal to tax extreme wealth could set a new course towards a safer, fairer future, curbing inequality and raising revenue to tackle the crises we face.

This year, for the first time ever, G20 countries agreed to work together on taxing ultra rich individuals. Now, with the G20 summit approaching on 18-19 November, it’s time to put words into action.

Ask your MP to write to Prime Minister Starmer ahead of the G20 summit in Brazil, urging him to use the opportunity of the G20 to show the UK’s commitment and work with others towards a global deal.

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Dear {contact_data~firstName} {contact_data~lastName} MP,

As your constituent, I’m writing to ask that you call on the Prime Minister to support a new global deal to tax the super-rich when leaders meet in Rio on 18-19 November.
 
For too long, governments across the world have allowed the ultra-rich to pay little or zero tax. The hoarding of the world’s resources in billionaires’ pockets has become an economic, ecological, and human rights disaster, while inequality soars, climate change accelerates and public services reach breaking point across the world. In the UK, the richest 1% now hold more wealth than 70% of Britons put together. https://www.oxfam.org.uk/media/press-releases/richest-1-grab-nearly-twice-as-much-new-wealth-as-rest-of-the-world-put-together/
 
This year, for the first time, G20 finance ministers agreed to work together to tax ultra wealthy individuals. This is a landmark step in tackling inequality and creates historic opportunity. Other world leaders have recognised this and have shown active leadership to move things forward:
 
-	President Lula of Brazil has championed the agenda 
-	19 former heads of state called for current leaders to back a global deal on taxing the super-rich 
-	Presidents Macron and Biden released a joint statement calling for progress
-	PM Sanchez has implemented a “solidarity” tax on ultra wealth in Spain
-	MEPs called for taxation on the super-rich in direct support of the G20 proposal
 
But the UK is not stepping up and so I’m asking you to raise this issue with Prime Minister Starmer as an opportunity for the UK to play a crucial role. Support from the PM at the G20 would show that the UK is serious about global cooperation, paving the way to tackling inequality through a global deal on taxing the super-rich. 
 
Please ask the Prime Minister to:
-	Commit to working with other world leaders at the G20 towards a global deal to fairly tax the richest 1% 
-	Support the UN Tax Convention – at the G20 and all international fora – as the most appropriate forum for taking cooperation forwards after the summit
-	Take more steps right now to signal the UK’s commitment to tackling the inequality crisis at home and globally. For example, fairer taxes on luxury transport could raise up to £2 billion a year and would signal UK commitment to tax reforms for people and planet.
 
Please write to the Prime Minister and ask him to act. As your constituent, please let me know what steps you take and the response your action receives.

If you would like further information - here is a briefing from Oxfam: https://www.oxfam.org.uk/documents/905/International_Tax_Cooperation_briefing_.pdf 
 
Yours sincerely

{user_data~First Name} {user_data~Last Name}
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{user_data~MailingPostalCode}

References:

Finance ministers’ communique: https://www.gov.br/fazenda/pt-br/assuntos/g20/declaracoes/2-3rd-fmcbg-communique.pdf  

Biden and Macron roadmap: https://www.whitehouse.gov/briefing-room/statements-releases/2024/06/08/french-american-roadmap/

EU Parliament calls for action: https://www.eunews.it/en/2024/10/09/eu-parliament-call-for-taxation-on-super-rich-to-counter-inequality/

Spain’s action on ultra wealth: https://euroweeklynews.com/2024/08/19/nations-consider-copying-spains-solidarity-wealth-tax/

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Time for a global deal to tax the super-rich

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