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Global corporate tax deal
June 12 , 2021
1066 days
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- Finance ministers from wealthy G7 nations have endorsed a new global corporate tax deal.
- The agreement will now be discussed in detail at a meeting of G20 financial ministers and central bank governors in July.
- The aim is to counter tax avoidance to make companies pay in the countries where they do business.
- The agreement commits states to a global minimum corporate tax rate of 15% to avoid countries undercutting each other.
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