G-7 to wrap up 2-day finance talks, int'l taxation in spotlight

Politics Economy

Finance chiefs from the Group of Seven industrialized nations furthered discussions on a global minimum corporate tax rate at a two-day meeting in London that concludes on Saturday. The first in-person G-7 finance talks since July 2019 came as momentum builds for implementing a common minimum tax rate for globally operating companies, with the aim of preventing them from shifting profits to low-tax jurisdictions, following a recent U.S. proposal for a tax of at least 15 percent on corporate earnings. The finance chiefs are expected to release a statement after concluding the meeting. The discu...

Kyodo News

Kyodo News