there is an agreement amongst the g7, though, to go for at least 15%, and i do think that is an historic achievement. alongside the power to tax some local sales, the uk, france and italy have also agreed, eventually, to scrap their existing and recent tech taxes. foryears, campaigners and european finance ministers wanted this change but it was unthinkable, up until a few months ago. it s the pandemic that has changed things, requiring finance ministers around the world to have to fill coffers emptied by a year of lockdowns, but also a change in the american government, as well, creating a window of opportunity. now, they need to get the rest of the world on board. the proposals must now go to the wider g20 group including china, russia and brazil, and then the rest of the world. the german finance minister hailed today as an important step, even if difficult conversations lay ahead with countries whose tax rates are below 15%.
taxes scheduled. we would rather not do that. it s either going to work out or we ll work out some mutually beneficial tax. and the tax will be substantial. and i m not sure it s going to come to that but it might. it might. i want to bring in lynette lopez, columnist for business insider. evan siegfried is a republican strategist with his own concerns about a possible tariff. lynette, president trump, you heard him there, you know, maybe it will happen, maybe it won t. on tuesday in london he was talking tough in the morning, by the afternoon he said he thinks it will probably be resolved, it s a minor dispute. does anybody really know what he s thinking about this? it s unclear, as it is with anything in the trump administration. it sounds like it s going to happen and it sounds like president trump is very offended by these tech taxes that are taking the world by storm, canada is considering it, italy is considering it, and he wants to punish these countries who are taxing wha
thirty eight percent in poor countries even as low as twenty percent so your we have seen rich people and rich companies negotiating themselves out of the tax bracket and the result is that public subsidies are collapsing housing to ignore it is just enough and i know that it isn t going to solve the problem of not having the resources to plow into infrastructure that most people mean we ve been talking about technology we ve been talking about education we ve been talking about tech taxes. and i just want to make sure that we also don t forget one point that has been brought up in this whole idea of new capitalism and that is that our economies are going to increasingly being data driven and you know who owns that data how is it monetize how is it leveraged with that i d like to turn to you on top because how do you envision that because wouldn t data ownership owning your own personal