General World News

G7 leaders reach ‘historic’ agreement to crack down on tech giants by forcing Amazon, Facebook, and others to pay more tax

G7 Finance Ministers

Summary List Placement

Finance ministers for some of the world’s wealthiest nations have reached a “historic agreement” to tackle tax abuses by internet giants and to introduce a global minimum corporate tax rate of 15 percent.

“I am delighted to announce that today after years of discussion G7 finance ministers have reached a historic agreement to reform the global tax system,” Rishi Sunak, the UK’s Chancellor of the Exchequer, said after a Group of Seven (G7) meeting in London. 

“To make it fit for the global digital age, but crucially to make sure that it is fair so that the details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com