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digital tax

G7 finance ministers make some progress on tax deal, UK says

digital tax
Group of Seven

KONTAN.CO.ID - LONDON. Finance ministers from the Group of Seven said they made some progress on Wednesday at reaching a joint position on a landmark global corporate tax deal, days before it needs to win over a wider international audience.

"A common understanding was reached on some of the important open issues to support reaching final political agreement within the OECD Inclusive Framework in October," the U.S. Treasury Department said in a statement.

Britain - which chairs the G7 this year - brokered an outline agreement https://www.reuters.com/business/g7-nations-near-historic-deal-taxing-multinationals-2021-06-05 in June on a global minimum corporate tax rate of 15% and measures to squeeze more money out of tech giants such as Amazon, Google and Facebook.

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