G7 nations close to historic deal to tax tech giants in plan that would 'change the world', says German finance minister

The deal entails two"pillars": First, there will be special rules to change how much tax some large companies will pay, and where those taxes are paid.

The second pillar involves the creation of a global minimum corporate tax rate, designed to encourage countries not to cut their business tax rate below 15%. "This is a historic moment, and it will help us to do our job: to serve our people. It's about fairness and justice."Asked about the implications of a deal for the tax revenues of developed countries, which some experts calculate could be boosted by many billions as profits are shifted back from tax havens, Mr Scholz said:"This will help finance our countries.

According to others close to the negotiations, the technical talks are still ongoing, with"sherpas" from G7 nations expected to carry on discussing details through the night.

Yeah and then how many free factories will you all build them for an empty gesture to the rest of the world, you twunts think we don't know what yiu do to get companies to settle in your countries 🌎🌎🤣🤣🤣🤣

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