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G7 passes key 'historic' tax reforms

Posted

June 5, 2021

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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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G7 passes key 'historic' tax reforms · Sky News · Sentinel