G7’s tax breakthrough paves the way for a broader G20 accord
Group of Seven finance ministers back global minimum tax but are undecided about how to share the spoils
06 June 2021 - 16:25
Paris/London/Washington — The Group of Seven (G7) advanced economies agreed the outline of a global deal on taxation that could hand governments greater rights to levy US tech giants and set a floor for corporate rates around the world.
The pact at a meeting of G7 finance ministers in London is missing key details needed to update century-old rules for the modern economy. But it smoothes transatlantic tensions that undermined efforts for years and paves the way for a broader accord by the Group of 20 (G20) as early as next month...
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