Instead of calling for more surveillance, government overreach, and other communist wet dream fantasies like a global registry of wealth they could have started by fixing things in their own countries. One good way would be to start taxing assets they control like land. Tax land value and suddenly there will be incentives to build more. Tax land value under big touristic resorts and use that revenue to fund local services instead of killing middle class with taxes on their productivity as they are currently doing.

Instead of complaining about rich people buying big houses and a lot of land around just tax that - that aligns incentives and makes presence of rich people profitable for local communities.

What they want to do instead though is first tax assets people have in other countries which don't influence them what so over and then if those people want to leave they cry foul as well - you will stay and you will like it - exactly as in communist Cuba.

>>There’s a real need to know who the beneficial owners are behind companies and legal structures used to conceal wealth,” said Mr. Gascón

Maybe there is, maybe there isn't. If you tax assets and get rid of corporate income tax replacing it with revenue based taxes (like a new digital tax idea or a tax on big super market chains) and a land value tax then it doesn't matter who is behind what as the local entity has to pay anyway. If you build an attractive country companies and people will pay you to live and do business there. Why are you so obsessed on their total wealth? Is it maybe more about control and power than paying your "fair share"?

The thing is they don't want fair taxation. They want to take wealth of productive people and give to their ever increasing number of cronies. This kind of toxic thinking geared towards punishing productivity and making sure no one gets ahead too far is a cancer in Europe and imo major reason old EU countries stagnate instead of growing.

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Maybe these economies shall try to attract the wealthy before trying to tax them ... Or is that so that because of past fiscal policies, the wealthy are gone and are now missing out to the economy? :-)

The reality is that many (other) countries understand this and attract these wealthy people who contribute to their own economy - because wealthy people are more than people with a large bank account, it's usually entrepreneurs who will hire local workforce for their business, buy real estate, etc.

If one knows Brazil and especially Spain, the other reality is that this initiative is certainly driven by a socialist-populist agenda, nothing to see here.

Either way, this initiative is just a show, and sure to fail for many reasons.

Brazil lacks the moral authority to promote any global action. End.