Meeting physically in London for the first time since the pandemic, the finance ministers of the G7 countries (Canada, France, Germany, Italy, Japan, the United Kingdom and the United States) were “close” to an agreement on international tax reform on Friday 4 June, as we went to press.
In a statement, UK Chancellor of the Exchequer Rishi Sunak - whose country holds the rotating presidency of the G7 - reported “productive negotiations about reforming the global tax system”.
Late in...