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since the pandemic started. hello and welcome to bbc news. it s being called an historic agreement , that could see global governments make billions more in tax revenue. the deal made by the g7 group of leading economies could shake up the tax system for multinational companies, like big tech giants. it could include a global minimum corporate tax rate of 15% to avoid countries undercutting each other. amazon, google, and facebook have welcomed the move. our economics editor faisal islam has the details. multinational companies, especially the big tech giants, have become more powerful than some governments, especially in their ability to pay minimal tax bills. today, the finance ministers of the seven leading economies, the g7, hit back
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if that gets removed and this replaced instead with this new global tax regime, are kinds of tick something that the americans have been wanting for some time, for the europeans it also raises revenue, which is really what they were hoping to do with the digital tax from companies, especially with the pandemic, a number of them have earned quite a lot of profits. it is about fairness, it is about trying to raise more revenue at a very important time, but this is really just the first step before we see a global corporation tax regime. if agreed, would it leave the big tech giants with nowhere to hide? we see companies move around to make the best of different tax regimes in different countries. 50. best of different tax regimes in different countries. best of different tax regimes in different countries. so, the way the ro osed different countries. so, the way the preposed weight different countries. so, the way the proposed weight that different countries. so, the way the propose
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of culture take place, after a six month delay and coming up at half past eight a look at the reality of life in the camps housing america s 20,000 migrant children. good evening. it s being hailed as an historic agreement , that could see global governments make billions. the deal made today, by the g7 group of leading economies could shake up the tax system for multinational companies, including big tech giants. it could include a global minimum corporate tax rate of 15% to avoid countries undercutting each other. the chancellor, rishi sunak said that it will mean firms pay the right tax in the right places . tech companies google and facebook have welcomed the move. here s our business
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