Corporate Tax

G7 approves proposal for a world minimal company tax within the US

British Prime Minister Boris Johnson will host the online G7 Summit on February 19, 2021 in the Cabinet Room on Downing Street in London, UK.

G7 Treasury Ministers are expected to approve a US proposal for an ambitious global corporate minimum tax when they meet in London on Friday and Saturday, a US Treasury official said on Wednesday, Reuters reported.

The official said in a statement emailed that the Treasury Department expects the G7 meetings to provide momentum for the further development of global corporate tax negotiations towards a broader G20 financial meeting in Italy in July.

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