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Explainer: What is a global minimum corporate tax and what will it mean?

LONDON: Finance Ministers from the Group of Seven (G7) rich nations reached a landmark accord on Saturday backing the creation of a global minimum corporate tax rate of at least 15 per cent, an agreement that could then form the basis of a worldwide deal. Such a deal aims to end what US Treasury Secretary Janet Yellen has called a “30-year race to the.

Corporate Tax Deal In Sight As G7 Meets

Welcome To IANS Live - LatestNews - Biden offers tax concession in infrastructure talks with Republicans

Citing a person familiar with the talks, The Washington Post said on Thursday that Biden raised the idea during a private meeting on Wednesday with Senator Shelley Moore Capito, the top Republican negotiator, in an attempt to broker a compromise, Xinhua news agency reported.Bide

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