G7 finance ministers deal to tax tech giants good for Canadian businesses: Freeland

LONDON -- A newly inked global deal to tax multinational tech corporations is good for Canada and its businesses, federal Finance Minister Chrystia Freeland said Saturday after a framework agreement was reached among G7 finance ministers.

In the absence of an agreement among the world's leading industrialized nations, Freeland had indicated Canada was prepared to unilaterally impose its own digital services tax starting Jan. 1, 2022. U.S. Treasury Secretary Janet Yellen said the agreement provides momentum to reaching a global 15 per cent rate.

Wow... got 7 countries that are in desperate need of tax revenue to agree on corporate tax rate. There are a lot of companies that are outside of the G7, G20 where corporations are based to avoid taxes

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G7 finance ministers reach historic deal to set 15 per cent minimum corporate tax rateLeaders of industrialized nations hope minimum tax agreement could form basis of a global pact this summer So our rates are going to go up to cover the extra cost and the government will end up bailing out these companies yet again with that money they are taking. Seems the savings don't get past to the consumer but the governments do seem to be getting richer. How about equal pay for their employees globally? With same benefits, cuts, etc? G7
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