G7 strikes ‘historic’ agreement over global corporate tax ...Qatar

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G7 strikes ‘historic’ agreement over global corporate tax
The Group of Seven advanced economies agreed the outline of a global deal on taxation that could give governments greater rights to tax US tech giants and set a floor for corporate rates around the world. The pact at a meeting of G7 finance ministers in London smooths transatlantic tensions that have for years undermined negotiations to update century-old rules for the 21st century economy. It paves the way for a broader accord by the Group of 20 as early as next month. “That global minimum tax would end the race-to-the-bottom in corporate taxation, and ensure fairness for the middle class and working people in the US and around the world,” US Treasury Secretary Janet Yellen said in a state

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