Biden boost as G7 finance ministers reach global tax agreement

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 52%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The group of wealthy countries has reached a historic agreement on a minimum level of corporation tax.

The agreement at the G7 finance ministers meeting in London on Saturday may prove a boost to Biden's plan for a major reform of global taxes. The measures approved could form a basis for an international pact.

"We commit to reaching an equitable solution on the allocation of taxing rights, with market countries awarded taxing rights on at least 20% of profit exceeding a 10% margin for the largest and most profitable multinational enterprises," the text says.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

G7 finance meet to discuss 'historic' global corporate tax dealAccording to a draft communique, the finance chiefs and central bankers of the world's seven richest nations will express 'strong support' to tax multinationals, especially tech giants. ✅POST PANDEMIC EDUCATION RECOVERY. NET SPENDING ON LEVELLING UP. ✅USA🇺🇸 - $1,200 PER STUDENT ✅JAPAN🇯🇵 - $1,100 PER STUDENT ✅NETHERLANDS🇳🇱 - $2,590 PER STUDENT ❌UK🇬🇧 - £50 PER STUDENT ❌🇬🇧UK IS A INSTITUTIONALLY RACIST COUNTRY🇬🇧
Source: trtworld - 🏆 101. / 63 Read more »