Global Deal on Tax Nears First Stage as G-7 Seeks Common Ground

Logo: Bloomberg Law

By Tim Ross, Alessandra Migliaccio, and William Horobin

A global agreement that could reshape the tax landscape for the biggest corporations is approaching a crucial first stage as the Group of Seven nations hone in on an accord that might feature both a minimum rate and encompass digital giants. If finance ministers due to meet virtually on Friday and in person next week can find enough common ground, that could pave the way for a wider consensus to form within the Group of 20, building a foundation for the worldwide agreement that is in negotiators’ sights. 

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By Tim Ross, Alessandra Migliaccio, and William Horobin, posted on Wednesday May 26, 2021

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