Yellen Says US Opposed to Global Wealth Tax on Ultra-Rich

Yellen Says US Opposed to Global Wealth Tax on Ultra-Rich
U.S. Secretary of the Treasury Janet Yellen speaks in New York, on Sept. 20, 2023. Julia Nikhinson/AP Photo
Tom Ozimek
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A proposal for a worldwide tax on the assets of the ultra-wealthy that’s being pushed by some countries within the G20 does not have the support of the Biden administration, according to Treasury Secretary Janet Yellen.

Ms. Yellen told reporters at a July 25 press conference during the G20 finance ministers meeting in Rio de Janeiro, Brazil, that the United States thinks that a global agreement on taxing ultra-high-net-worth individuals is neither practical nor a particularly good idea.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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