Finance

G7 nations reach historic deal on global tax reform

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Britain’s Chancellor of the Exchequer Rishi Sunak (from left), U.S. Treasury Secretary Janet Yellen, Managing Director of the IMF Kristalina Georgieva and Canada’s Finance Minister Chrystia Freeland chatting on the first day of the Group of Seven Finance Ministers Meeting at Lancaster House in London on June 4, 2021.

Stefan Rousseau | AFP | Getty Images

LONDON — The finance ministers of the most advanced economies, known as the Group of Seven, have backed a U.S. proposal that calls for corporations around the world to pay at least a 15% tax on earnings.

“G-7 finance ministers today, after years of discussions, have reached a historic agreement to reform the global tax system, to make it…



Source cnbc.com

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