The EU’s four biggest economies have raised the pressure for a landmark agreement to curb tax abuse by multinational companies to be reached at G7 meetings in London on Friday. “For more than four years, France, Germany, Italy and Spain have been working together to create an international tax system fit for the 21st century. “We therefore commit to defining a common position on a new international tax system at the G7 Finance Ministers meeting in London this Friday. Speaking after preliminary talks held with the US Treasury secretary, Janet Yellen, on Thursday evening before the main summit, Sunak said securing a global agreement on digital taxation was a key priority. “We want companies to pay the right amount of tax in the right place, and I hope we can reach a fair deal with our partners.

Source: The Guardian June 04, 2021 04:52 UTC