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G7 reaches deal on tackling corporate tax avoidance in ‘proud moment’

today05/06/2021

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The G7 has agreed a deal on tackling corporate tax avoidance by big tech companies.

“It’s a proud moment” says Chancellor Rishi Sunak.

It comes as Reuters news agency reported that G7 finance ministers had committed to a global minimum tax of at least 15% on a country by country basis.

Mr Sunak said it “meant the right companies pay the right tax in the right places”.

He called it a “historic agreement that finally brings out global tax system into the 21st century”, adding: “We’re going to level the playing field and inject some fairness into the system.”

 Sky News

© Sky News 2021

Written by: Rother Radio News


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today05/06/2021