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 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 a
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 companies pay the right tax in the right places. They agreed to the principle of a global minimum corporation tax of at least 15%. As well as rules to make the largest companies with profits of more than 10% pay more tax in countries where sales are made, notjust where they declare their profits. The us had initially wanted a higher minimum rate of 21%. What do you say to those campaigners who say 15% i
Hello and welcome to the programme. 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 rate of 15% to avoid countries undercutting each other. Amazon, google, and facebook have welcomed the move. Here s our economics editor faisal islam. 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 t
Hello and welcome. I m lewis vaughan jones. 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 crucia
Hello, welcome to the programme. 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 m