ECONOMY - FINANCE - BUSINESS / Taxation

G7 concerned about finalisation of Pillar I of international reform on corporate taxation, rejects wealth tax

Brussels, 27/05/2024 (Agence Europe)

At a meeting in Stresa, Italy, on Friday 24 May, the G7 Finance Ministers addressed two main tax issues: Pillar I of the international corporate tax reform and the creation of an international wealth tax.

Pillar I. Despite the text of a new multilateral agreement to implement Pillar I Amount A, published in October 2023 (see EUROPE B13270A23), discussions have not reached a conclusion.

In a press release, the ministers reiterated their “strong political commitment to establish a more...