G20 economy ministers endorse global tax deal

October meeting to work on fixing minimum tax rate and how profits will be allocated between countries. Da Financial Times.

The world’s largest economies have thrown their weight behind a global tax reform deal that would impose a minimum levy on multinational corporations, ramping up pressure on a small number of holdout countries to sign on the agreement. G20 economy ministers and central bankers meeting in Venice on Saturday issued a joint communiqué endorsing the tax deal with was agreed by G7 nations last month and backed by 130 countries at talks hosted by the Oecd in Paris.

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