{"id":127713,"date":"2021-06-05T12:13:01","date_gmt":"2021-06-05T12:13:01","guid":{"rendered":"https:\/\/precoinnews.com\/?p=127713"},"modified":"2021-06-05T12:13:01","modified_gmt":"2021-06-05T12:13:01","slug":"g7-nations-reach-historic-deal-to-tax-big-multinationals","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/g7-nations-reach-historic-deal-to-tax-big-multinationals\/","title":{"rendered":"G7 nations reach historic deal to tax big multinationals"},"content":{"rendered":"
Check out what’s clicking on FoxBusiness.com.\n<\/p>\n
A group of the world's richest nations reached a landmark deal on Saturday to close cross-border tax loopholes used by some of the world's biggest companies.<\/p>\n
The Group of Seven said it would back a minimum global corporation tax rate of at least 15%, and put in place measures to ensure taxes were paid in the countries where businesses operate.<\/p>\n
"After years of discussion, G7 finance ministers have reached a historic agreement to reform the global tax system to make it fit for the global digital age," British finance minister Rishi Sunak told reporters.<\/p>\n