G-20 heads to endorse overhaul of how countries tax multinational companies

The pact had already won support in October, in principle, from 136 governments under the auspices of the OECD, and G-20 finance ministers endorsed a framework for the agreement in July

Leaders of the world’s biggest economies who have gathered in Rome will endorse an ambitious plan on Saturday to overhaul the way countries around the world tax multinational companies, according to a senior U.S. administration official.

The official, traveling with President Joe Biden, called the agreement a historic reshaping of the rules for the global economy that will force corporations to pay their fair share of taxes. That echoed previous comments by Treasury Secretary Janet Yellen, whose support helped push forward a deal that had languished during the administration of President Donald Trump.

The pact had already won support in October, in