| 20 April 2024, Saturday |

G7 is close to agreement on taxation of world’s largest companies, FT sources

Group of Seven countries (G7) are close to reaching agreement on the corporate taxation of multinationals, paving the way for a global deal later in the year, the Financial Times reported.

A G7 deal could be sealed as early as Friday after progress was made among top officials in recent days, the FT said.

If a deal can be agreed informally by finance ministers, the G7 leaders could formally sign it at the June 11-13 G7 summit, presenting a plan to the 135 nations negotiating under the “inclusive framework” at the Organization for Economic Co-operation and Development, the FT said.

  • Reuters