British Finance Minister Rishi Sunak announced that the world’s most developed economies, meeting at the G7 in London, reached a historic agreement on the reform of the global tax system.

Thus, the G7 ministers, made up of the United States, the United Kingdom, Germany, France, Canada, Italy and Japan, agreed to commit to at least a 15 % minimum corporate rate.

At the end of the meeting, Sunak said he was “delighted to announce that, after years of discussions, the G7 finance ministers have reached a historic agreement to reform the global tax system“.

The minister also highlighted that the pact “is designed to adapt it to the global digital age and, crucially, to ensure that it is fair, so that the right companies pay the right tax in the right place and that is a huge price for the British taxpayer.”

He noted that “this is something that has been talked about for at least ten years. And here, for the first time today, we have reached an agreement of tangible principles on how these reforms should be and that is a great progress.”

K. Tovar

Source: La Voz de Galicia

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