Top finance officials in the Group of Seven (G-7) on Saturday announced their commitment to push for a global minimum tax of at least 15 percent in international tax negotiations, a rate advocated by the Biden administration.
G-7 finance ministers and central bank governors said in a statement following a meeting in London that they strongly support the multilateral negotiations “to address the tax challenges arising from globalisation and the digitalisation of the economy and to adopt a global minimum tax.”
The G-7 consists of the United States, Canada, France, Germany, Italy, Japan and the United Kingdom. Continue reading.