Biden boost as G7 finance ministers reach global tax agreement

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.

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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🇬🇧
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