Summary
[G7 finance ministers meet in London to promote a global tax agreement]Reuters reported on June 4 that the finance ministers of the Group of Seven (G7) nations will hold a two-day meeting in London starting on Friday, local time. In reaching a global agreement to increase taxes on companies such as Google, Facebook and Amazon. According to reports, the meeting hosted by the British Chancellor of the Exchequer Rishi Sunak will be the first face-to-face meeting between the finance ministers of G7 countries since the start of the new crown pandemic. (Interface News)
Reuters reported on June 4 that the finance ministers of the Group of Seven (G7) nations will hold a two-day meeting in London starting on Friday, local time, aiming to reach a global agreement that will increase their views on Google, Facebook and Google.AmazonTaxation of other companies.
According to reports, the meeting hosted by the British Chancellor of the Exchequer Rishi Sunak will be the first face-to-face meeting between the finance ministers of G7 countries since the start of the new crown pandemic.
US President Biden hopes to increase taxes on large companies, which also creates more opportunities for reaching international consensus than during Trump’s presidency. Sunak said in a statement issued late on Thursday: “I am very optimistic that we will achieve some concrete results this weekend.”
French Finance Minister Le Maire said before the meeting that reaching an agreement on tax reform would be a “decisive step”, which he believed was “achievable.” But Japan’s Finance Minister Taro Aso said on Monday that he does not expect to agree on a specific minimum tax rate this week.
The U.S. Treasury Department expects that Biden and other heads of state will reach a more comprehensive agreement when they meet in England on June 11-13.
(Article Source: Interface News)
(Editor in charge: DF532)
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