The leaders of the G7 countries endorsed, during their 11-13 June summit at the UK resort of Carbis Bay, the “historic commitment” made by their finance ministers on 5 June, on international tax reform (see EUROPE B12735A15).
“We will now continue the discussion to reach consensus on a global agreement on an equitable solution on the allocation of taxing rights and an ambitious global minimum tax of at least 15 per cent on a country-by-country basis, through the G20/OECD inclusive...