Finance ministers from the Group of Seven nations have backed the Biden administration’s plans to set a global minimum tax of 15% on corporate earnings. Outside the G7, the plan has faced opposition from tax havens like Ireland. US Treasury Secretary Janet Yellen met with her counterparts from Canada, France, Germany, Italy, Japan, and the United Kingdom in London on Saturday, where she made her administration’s case for a global minimum corporate tax rate of 15%. The ministers agreed to back her proposal, with UK finance minister Rishi Sunak announcing the deal shortly after the meeting. “G7 finance ministers... after years of discu
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