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Sunday, June 6, 2021

G7 agree to back 15% global minimum corporate tax rate, more taxes for tech giants

The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax rate of at least 15% in order to deter multinational companies from avoiding taxes by stashing profits in low-rate countries.

Read more at: https://www.usatoday.com/story/money/taxes/2021/06/05/g-7-nations-support-15-global-minimum-tax-corporations-tech-giants/7560398002/