G7 historic agreement on global minimum corporate tax of 15%

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They reached a historic agreement G7 finance ministers, as committed to imposition of a minimum corporate tax of 15% per country.

“We are committed to reaching an equal solution in terms of the distribution of tax rights with countries acquiring tax rights of at least 20% of the profit that will exceed a margin of 10% for the largest and most profitable multinational companies,” a ministerial statement said. seen by Reuters.

“We will ensure the necessary coordination between the implementation of the new international tax regulations and the abolition of all digital service taxes,” he stressed.

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