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G7 Finance Ministers Reach Agreement on Global Minimum Tax and Market Country Taxing Rights

|Proposed Changes|Canada-France-Germany-Italy-Japan-United ...
Canada-France-Germany-Italy-Japan-United Kingdom-United States-European Union-OECD

The U.S. Department of the Treasury has published the G7 Finance Ministers and Central Bank Governors Communiqué following their meeting held 4 to 5 June 2021. With respect to taxation, the key point of the meeting is the agreement reached on the introduction of rules for a global minimum tax and the allocation of taxing rights to market countries, which is addressed as follows in the communiq…

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