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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 campaigne ....
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 sur ....
i m john berman alongside brianna keilar. on this new day, president biden meeting this morning with nato leaders on his first foreign trip, presenting to, trying to, a united front against aggression from china and russia. cnn exclusive, new information about a retired marine serving nine years in a russian prison as his parents plead with president biden to secure his release. a journalist, congress, and a sprawling collection reaching the former white house counsel and his wife. and new overnight, the u.s. is assessing reports of a possible leak of a nuclear plant in china. authorities are calling it an imminent threat. good monday morning to our viewers in the united states and all around the world. it is june 14th. president biden s first overseas trip as commander in chief entering a crucial next phase. the president now in brussels, arriving there last night, due to meet with nato leaders. we ll bring that to you live. the summit comes as he looks to re ....
worldwide after being tricked into using an fbi run encrypted messaging app that lured them into police hands. two people have been arrested in southern france after president emmanuel macron was slapped in the face during a walkabout in the region. and coming up a lucky escape for molly the labrador, who impaled herself on a giant stick. that s in half an hour. the health secretary matt hancock has announced extra testing with military support for parts of greater manchester and lancashire to help with rising cases of the delta variant, which first emerged in india. the move comes with the same travel guidance currently in place for bolton, which warns people to minimise travel in and out of the area. working with local authorities, we are providing a strengthened package of support based on what s working in bolton to help greater manchester and lancashire tackle the rise in the delta variant that we re seeing there. this includes rapid response teams, putting in extr ....
tensions between moscow and prague have escalated russia has expelled 20 diplomats, a day after the czech republic announced they were expelling 18 russian diplomats identified as secret agents. this includes two men suspected of involvement in a deadly explosion at a czech arms depot seven years ago. britain claims they re the same two men who tried to kill a former spy with a nerve agent three years ago. our security correspondent gordon corera has the story. the aftermath of a deadly explosion. in october 2014, this arms depot in the czech countryside blew up. it took a month to find the remains of two men who worked there. it was widely assumed to have been an accident, until now. a key piece of evidence came when investigators found an e mail requesting permission for two men to inspect the site. attached were scans of the men s passports, a copy of which the bbc has obtained. if you recognise them, this is why. they re the same two men wanted in connection with ....