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130 countries back global minimum corporate tax of 15% FILE PHOTO: The word taxes is seen engraved at the headquarters of the Internal Revenue Service (IRS) in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly July 2, 2021 By Leigh Thomas PARIS (Reuters) -Most of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules on where companies are taxed and a tax rate of at least 15%, they said on Thursday after two days of talks. The Paris-based Organisation for Economic Cooperation and Development, which hosted the talks, said a global minimum corporate income tax of at least 15% could yield around $150 billion in additional global tax revenues annually.

United statesFrance generalSouth koreaAndrew kellyLeigh thomasBruno le maireJoe bidenRevenue serviceOrganisation for economic cooperationInternal revenue serviceParis based organisationEconomic cooperationFrench finance minister bruno le maireAndrew heavensPravin charTimothy heritage