, G7 nations reach historic agreement to tax multinational corporations, Nzuchi Times

G7 nations reach historic agreement to tax multinational corporations

, G7 nations reach historic agreement to tax multinational corporations, Nzuchi Times

The G7 nations have reached a historic agreement to tax multinational corporations which aims to stop countries from undercutting each other and ensure internet giants pay their fair share. The two key reforms included in the deal are a global minimum corporate tax rate of 15 per cent to prevent companies like Google, Facebook and Apple from shifting profits to low tax jurisdictions, and new rules to calculate what they owe and where.

More Stories
New ‘living laboratory’ launched by Kew Gardens to study biodiversity benefits in UK