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  • G7: Rich nations confident on reaching tech tax deal

    06/05/2021 3:54:40 AM PDT · by Oldeconomybuyer · 7 replies
    BBC News ^ | June 5, 2021
    Finance ministers from the G7 group of leading economies are confident of striking a deal on taxing multinational companies at their meeting in London. The agreement is expected to include a global minimum rate of corporation tax. It would target tech giants such as Amazon and Microsoft. German finance minister Olaf Scholz said the deal would "change the world". He said a 15% rate would help pay back debts that have built up during the pandemic - and that he was "absolutely confident" there would be an agreement. "If we agree on the minimum taxation for corporates, this will help...