G7 backs Biden’s overhaul of global tax system on corporate earnings

Finance ministers from the Group of Seven (G7) nations have put their support behind the Biden administration’s ambitious plan to overhaul the global tax system, backing a minimum tax of at least 15% on corporate earnings.

Finance ministers from the Group of Seven (G7) nations have put their support behind the Biden administration’s ambitious plan to overhaul the global tax system, backing a minimum tax of at least 15% on corporate earnings.