G7 leaders strike deal on taxing Amazon, Facebook, Google

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6/5/2021 4:43:00 PM

G7 leaders reach 'historic' agreement to crackdown on tech giants by forcing Amazon, Facebook, and others to pay more tax

Business Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.

Henry Nicholls - WPA Pool/Getty ImagesThe G7 group of wealthy nations has reached a"historic agreement" on taxing multinational companies.The agreement will ensure that tech giants pay more tax where they operate.It also pledges to introduce a global minimum corporate tax rate of 15 percent. 

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See more stories on Insider's business page.Finance ministers for some of the world's wealthiest nations have reached a"historic agreement" to tackle tax abuses by internet giants and to introduce a global minimum corporate tax rate of 15 percent.

"I am delighted to announce that today after years of discussion G7 finance ministers have reached a historic agreement to reform the global tax system," Rishi Sunak, the UK's Chancellor of the Exchequer, said after a Group of Seven (G7) meeting in London.  headtopics.com

"To make it fit for the global digital age, but crucially to make sure that it is fair so that the right companies pay the right tax in the right places and that's a huge prize for British taxpayers," Sunak added. Read more: Business Insider »

FinanceInsider If some of the rumors of multinationals being taxed extra are true, then that could set a great trend for the future of small business, competition and better prices. It's unfortunate that the UK is just a US state at this point and won't implement this more so than brexit With a verified gmail account,Computer or even a smartphone you can earn(0.12BTC) €5000 within 24hrs ,ask me how with the name of your country.Or kindly write me Sofiakingston_

G7 finance meet to discuss 'historic' global corporate tax dealAccording to a draft communique, the finance chiefs and central bankers of the world's seven richest nations will express 'strong support' to tax multinationals, especially tech giants. ✅POST PANDEMIC EDUCATION RECOVERY. NET SPENDING ON LEVELLING UP. ✅USA🇺🇸 - $1,200 PER STUDENT ✅JAPAN🇯🇵 - $1,100 PER STUDENT ✅NETHERLANDS🇳🇱 - $2,590 PER STUDENT ❌UK🇬🇧 - £50 PER STUDENT ❌🇬🇧UK IS A INSTITUTIONALLY RACIST COUNTRY🇬🇧

G7 nations set minimum global corporate tax rate at 15 percentThe agreement seeks to create a level playing field for companies around the world but critics argue the 15 percent minimum rate is too low. CANADA US CIA EUGENICS CHURCH. CIVILIZED? THE GREAT DARKNESS THE CHILDREN SACRIFICED What does this global term means ?

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G7 finance ministers meet in London to broker global tax dealFinance ministers from the G7 group of rich nations will meet in London on Friday for two days of talks aimed at moving closer to a global deal to raise more tax from the likes of Google, Facebook and Amazon.

UK says G7 finance ministers' talks were productiveGroup of Seven (G7) finance ministers made progress in talks about reforming global corporate tax rules in London on Friday, Britain's finance ministry said.