G7 tax deal is ‘starting point’ on road to global reform
G7 ministers have left much still to be decided in the wider global negotiations, which are being conducted among 139 countries at the OECD in Paris.
The tax deal agreed on by the world’s leading advanced nations this weekend is the first substantive proof of revived international co-operation since President Joe Biden brought the US back to the negotiating table. Yet there is still a long road ahead before it can be implemented.
“This is a starting point,” said French Finance Minister Bruno Le Maire, pledging that “in the coming months we will fight to ensure that this minimum corporate tax rate is as high as possible”.
Financial Times
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Economy
Fetching latest articles