Instead, the leaders would agree in principle to a minimum global corporation tax rate of 15 per cent. The Biden administration may be more sympathetic to a global tax deal than Donald Trump, but it cannot deliver it alone. As useful as it would be to make progress on the digital tax agenda, G7 citizens in the countries represented will want to hear more about the pandemic. Ahead of the meeting, the IMF unveiled its $50billion plan to vaccinate the world by the end of 2022. Practical obstacles to defeating Covid formed part of the discussion at a G7 meeting of health ministers and pharma companies this week.

Source: The Nation June 05, 2021 15:00 UTC