Explainer | What is a global minimum tax and what will it mean?
The Hindu
G7 nations have agreed to close cross-border tax loopholes
Finance Ministers from the Group of Seven (G7) rich nations on Saturday reached a landmark accord setting a global minimum corporate tax rate, an agreement that could form the basis of a worldwide deal. The deal aims to end what U.S. Treasury Secretary Janet Yellen has called a “30-year race to the bottom on corporate tax rates” as countries compete to lure multinationals.
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