Global tax reform plan goes to the G20
The EU plans to announce its own digital tax later this month to help finance its 750-billion-euro post-virus recovery plan.
By Brigitte Hagemann
July 8, 2021 04:15 BST
G20 finance ministers meeting in Venice on Friday and Saturday could rally the world's top economies behind a global plan to tax multinationals more fairly that has already been hashed out among 131 countries representing 90 percent of world output.
On the face of it, the Group of 20 -- the world's 19 biggest economies plus the European Union -- have already backed the framework for global tax reform agreed on July 1 among members of the Organisation for Economic Cooperation and Development (OECD) alongside China and India.