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G7 close to agreement on taxation of world's largest companies: Report

A G7 deal could be agreed as early as Friday after progress was made among top officials in recent days

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After the US agreed to accept a minimum rate of at least 15 per cent, France, Germany and Italy said the new proposal was a good basis for sealing an international deal by July

Reuters London

2 min read Last Updated : Jun 10 2022 | 1:03 PM IST

Group of Seven (G7) countries are close to reaching agreement on the corporate taxation of multinationals, clearing the way for a global deal later in the year, the Financial Times reported.

After the United States agreed to accept a minimum rate of at least 15 per cent, France, Germany and Italy said the new proposal was a good basis for sealing an international deal by July.

Britain said it welcomed the United States' commitment to finding a solution, but did not comment specifically on the US proposal.

A G7 deal could be agreed as early as Friday

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : G7 summit Taxation United Nations Companies

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