G7 passes key ‘historic’ tax reforms

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Published on June 6, 2021 by

Google and Facebook have welcomed a G7 deal on tackling corporate tax avoidance by big tech companies.

The agreement will see a global minimum corporate tax of at least 15% – lower than a floor of 21% mooted by President Biden – and changes to which countries will benefit.

Chancellor Rishi Sunak called the deal “a proud moment”.

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