Tax on multinationals: Much detail needs to be hammered out for G20

The countries aim to reach a consensus at the meeting on the details, as much technical work has already been done.

The G7’s weekend agreement on a global minimum corporate tax rate and arrangements for taxing multinationals paves the way for a broader deal in the coming weeks that could reshape cross-border taxation for years to come.
 
Hailed as historic by its backers, the deal nonetheless contains much detail that still needs to be hammered out in time for countries of the wider G20 grouping to give it their support at a meeting scheduled for next month.
 
Here is what we know so far and what remains unclear:
 
Will the G7 deal apply worldwide?
 
Leigh Thomas |