{"id":58033,"date":"2024-11-20T11:21:47","date_gmt":"2024-11-20T11:21:47","guid":{"rendered":"https:\/\/earlypostdaily.com\/?p=58033"},"modified":"2024-11-20T11:29:50","modified_gmt":"2024-11-20T11:29:50","slug":"congress-questions-union-budget-alignment-with-g20-consensus-on-ultra-rich-taxation","status":"publish","type":"post","link":"https:\/\/earlypostdaily.com\/index.php\/2024\/11\/20\/congress-questions-union-budget-alignment-with-g20-consensus-on-ultra-rich-taxation\/","title":{"rendered":"Congress Questions Union Budget Alignment with G20 Consensus on Ultra-Rich Taxation"},"content":{"rendered":"\n<p><strong>New Delhi, Nov 20 :<\/strong> Congress leader Jairam Ramesh on Wednesday raised concerns about whether India will implement the G20 consensus on effectively taxing ultra-high-net-worth individuals in the upcoming Union Budget 2025-26.<\/p>\n\n\n\n<p>Referring to Paragraph 20 of the G20 Rio de Janeiro Leaders&#8217; Declaration adopted on Tuesday, Ramesh highlighted the statement: <em>\u201cWe will seek to engage cooperatively to ensure ultra-high-net worth individuals are effectively taxed.\u201d<\/em><\/p>\n\n\n\n<p>With Finance Minister Nirmala Sitharaman set to present the Union Budget in less than 75 days, Ramesh questioned whether the consensus would be reflected in India&#8217;s fiscal policies.<\/p>\n\n\n\n<p>In a post on X, he stated, \u201cAccording to a recent report, India has 334 dollar billionaires, each with a net worth of over a billion dollars. This group continues to grow.\u201d<\/p>\n\n\n\n<p>The Congress leader\u2019s remarks align with the party\u2019s long-standing critique of the BJP government, accusing it of favoring crony capitalism and neglecting wealth inequality.<\/p>\n\n\n\n<p>The BJP, however, has consistently rejected these allegations, maintaining that the NDA government is focused on uplifting the poor and fostering inclusive growth.<\/p>\n\n\n\n<p>The debate surrounding taxation reforms for the ultra-rich comes as global leaders emphasize equitable wealth distribution and enhanced revenue generation through progressive taxation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, Nov 20 : Congress leader Jairam Ramesh on Wednesday raised concerns about whether India will implement the G20 consensus on effectively taxing ultra-high-net-worth individuals in the upcoming Union Budget 2025-26. Referring to Paragraph 20 of the G20 Rio de Janeiro Leaders&#8217; Declaration adopted on Tuesday, Ramesh highlighted the statement: \u201cWe will seek to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":58036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54,22],"tags":[444,1032,800,73,1033,4892,4891],"class_list":{"0":"post-58033","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest-news","8":"category-national","9":"tag-congress","10":"tag-earlypostdaily","11":"tag-g20","12":"tag-india","13":"tag-latestnews","14":"tag-ultra-rich-taxation","15":"tag-union-budget"},"_links":{"self":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/58033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/comments?post=58033"}],"version-history":[{"count":1,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/58033\/revisions"}],"predecessor-version":[{"id":58035,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/58033\/revisions\/58035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media\/58036"}],"wp:attachment":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=58033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=58033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=58033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}