G-20 finance ministers back global tax overhaul

The Hill

By Naomi Jagoda

Finance officials in the Group of 20 (G-20) endorsed “key components” of a framework for an international tax overhaul that is a top priority of the Biden administration. The G-20 finance ministers and central bank governors announced their backing of major elements of the Organization for Economic Cooperation and Development’s (OECD) tax framework following a meeting in Venice, Italy. The framework calls for a global minimum tax for corporations of at least 15 percent.

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By Naomi Jagoda, posted on Saturday July 10, 2021

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