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G7 nations reach 'historic' agreement over global corporate tax of at least 15%
Updated 23:16, 05-Jun-2021
CGTN
Britain's Chancellor of the Exchequer Rishi Sunak speaks at a meeting of finance ministers from across the G7 nations ahead of the G7 leaders' summit, at Lancaster House in London, Britain, June 4, 2021. /Reuters

Britain's Chancellor of the Exchequer Rishi Sunak speaks at a meeting of finance ministers from across the G7 nations ahead of the G7 leaders' summit, at Lancaster House in London, Britain, June 4, 2021. /Reuters

Finance ministers from Group of Seven (G7) nations on Saturday pledged to commit to a global minimum corporate tax of at least 15 percent, rallying behind a U.S.-backed plan.  

"We ... commit to a global minimum tax of at least 15 percent on a country by country basis," said a statement at the conclusion of their London meeting. 

The G7 hopes to reach a final agreement at the July gathering of the expanded G20 finance ministers group, it added. 

Source(s): AFP

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