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G7 close to agreement on taxation of world's largest companies: Report

A G7 deal could be agreed as early as Friday after progress was made among top officials in recent days

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After the US agreed to accept a minimum rate of at least 15 per cent, France, Germany and Italy said the new proposal was a good basis for sealing an international deal by July

Reuters London
Group of Seven (G7) countries are close to reaching agreement on the corporate taxation of multinationals, clearing the way for a global deal later in the year, the Financial Times reported.
 
After the United States agreed to accept a minimum rate of at least 15 per cent, France, Germany and Italy said the new proposal was a good basis for sealing an international deal by July.
 
Britain said it welcomed the United States' commitment to finding a solution, but did not comment specifically on the US proposal.
 
A G7 deal could be agreed as early as Friday

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