New information technology rules. Violence rocks mexico s midterm elections with dozens of politicians killed in recent months. And a pair of white tailed eagles rescued from drowning by two long distance kayakers. Hello and welcome if you re watching in the uk or around the world. It s being hailed as a historic agreement, that could see global governments make billions more in tax revenue. The deal made today, 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. Tech companies google and facebook have welcomed the move. Here s our business correspondent katy austin. How to stop multinational companies, particularly tech giants, avoiding tax by booking profits in low or no tax jurisdictions, that was one question at the heart of these discussions between the finance ministers of seven leading economies. I m delight
For rory burns, but england struggle in the 1st test against new zealand. Good evening. The world s biggest economies have agreed what they re hailing as a historic deal, to create a global tax system, aimed at preventing huge multinational companies from avoiding tax. The agreement made in london today, by the g7 finance ministers, will include a global minimum corporate tax rate of 15%. The chancellor, rishi sunak, said that it will mean firms pay the right tax in the right places. Google and facebook have welcomed the move. Our economics editor faisal islam is in central london, where the deal was struck. Faisal. Now over decades the world s biggest multinationals have effectively been able to pick and choose the rate of tax they pay on hundreds of billions of pounds of global sales and that is even more the case in the past few years with the big digital tech giants. Now as a result of this deal of the world s biggest democracies and their economies, they say that this will end her
It s being hailed as a 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. Tech companies google and facebook have welcomed the move. Our economics editor faisal islam reports. 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 with an historic deal brokered by the chancellor rishi sunak. I m delighted to announce that today 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 but crucially to make sure it is fair, so that the right
the actor and writer noel clarke is suspended by bafta weeks after receiving one of its top awards after 20 women make allegations of harrassment. it s emerged that borisjohnson s mobile phone number has been available online for 15 years raising concerns about security and access. and, liverpool prepares to party without social distancing. we re at this afternoon s nightclub event, which will test whether large crowds can gather without spreading covid. and coming up on the bbc news channel. two former champions, mark selby and stuart bingham, battle it out for a place in the final of the world snooker championship. good afternoon and welcome to the bbc news at one. at least 44 people have died, and at least have been injured, in a crush at a religious festival in the north east of israel. the prime minister benjamin netanyahu has described it as one of the worst disasters in the country s history. tens of thousands of orthodox jews attended the lag b omerfestival, which