HOME > NATION > Article

Text Size

small

medium

large


G-7 Ministers Agree on Minimum 15 Pct Tax

G-7 Ministers Agree on Minimum 15 Pct Tax

   London, June 5 (Jiji Press)--Finance ministers from the Group of Seven major industrial nations said Saturday that they have agreed to set the corporate tax rate at 15 pct or higher globally.
   The G-7 countries "commit to a global minimum tax of at least 15 pct on a country by country basis," the ministers said in a joint statement issued after a two-day in-person meeting in London.
   The seven countries' commitment adds momentum to the effort of the Group of 20 economies to reach agreement on a minimum tax rate at a meeting next month.
   The ministers also said they have agreed to award taxing rights on at least 20 pct of profit exceeding a 10 pct margin for multinational enterprises to market countries.
   The statement also said the G-7 countries "commit to sustain policy support as long as necessary" to ensure a strong, sustainable, balanced and inclusive global recovery from the COVID-19 pandemic.

To read a full story, please click here to find out how to subscribe.

NATION

Aomori Tourism Information

HEADLINES

POLITICS
Leading Opposition CDP to Downgrade Consumption Tax Cut Pledge to "Target"
ECONOMY
Japan Starts Minting New 500-Yen Coins
SPORTS
10,000-Spectator Ceiling Set for Tokyo Games
OTHER
Woman Referred to Prosecutors for Insulting TV Personality Chiemi Hori Online

AFP-JIJI PRESS NEWS JOURNAL


Photos