What is PM Modi’s position on ‘billionaire tax’, what will be India’s stand at G20, asks Congress

“As proposed by Brazil — which now holds the annual rotational G20 Presidency — and endorsed by France, Spain, South Africa, and Germany, the world is moving towards a 2 per cent wealth tax on these billionaires,” he said in a post on X.

“India has 167 dollar billionaires. A 2 per cent wealth tax would raise 1.5 lakh crores each year – almost 0.5 per cent of our GDP. This could pay for schools, hospitals, renewable energy, and many more essential investments in the future of our country,” Ramesh said.

“What is the non-biological PM’s position on a ‘billionaire tax’? What will be India’s position when it will be discussed at the G20 meet in Rio de Janeiro later this month?” the Congress leader said.

Ramesh also shared a media report which said former presidents and prime ministers have sent an open letter to current leaders of the world’s 20 largest economies urging support for a global tax on billionaires.

From the homepage

Bihar’s Chief Ministers | Nitish Kumar: Journey from early poll losses to becoming longest-serving CM

Bihar Election Results 2025 LIVE Updates: What’s next for Tejashwi Yadav after the RJD debacle

Want to know what’s wrong with the Congress? Look at its reaction to Bihar loss