G20 takes step towards global minimum corporate tax rate
by Richard Partington Economics correspondent from Economics | The Guardian on (#5G9GW)
Meetings of finance ministers follow change in US stance, with consensus growing on tackling tax avoidance
Finance ministers from the G20 group of the world's largest economies are exploring a global minimum tax on corporate profits, amid growing international consensus on tackling avoidance after the pandemic.
The move to set a floor on tax rates paid by corporations comes after the US made the case for an international base rate this week, in a move by the Biden administration to end US resistance to international tax reforms.
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