Sunday, June 13

The world’s largest economies reach a “historic” agreement on a global minimum tax on multinationals

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  • BBC News World

G7 meeting

Image source, Getty Images

The world’s main economies reached a “historic” agreement this Saturday to introduce a global minimum tax on multinational companies.

G7 Finance Ministers, meeting in London, agreed fight tax avoidance through measures for companies to pay in the countries where they do business.

They also agreed on a global minimum corporate tax rate that will, in principle, be 15%.

The agreement reached by the United States, the United Kingdom, France, Germany, Canada, Italy and Japan will put pressure on other countries to follow suit, something that could be seen at the G20 meeting next month.

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