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G20 to call for global tax deal to be finalized by October

G20 to call for global tax deal to be finalized by October
G20 to call for global tax deal to be finalized by October   -   Copyright  Thomson Reuters 2021
By Reuters

VENICEG20 finance ministers are to push for unresolved issues in a proposed global corporate tax overhaul to be ironed out by October and they urged holdouts to join the deal, according to the latest version of their statement from a meeting in Venice.

The statement, which two sources said was expected to be released without changes, said the ministers also endorsed a recent deal among 131 countries on taxation of multinationals’ profits and setting a global minimum corporate tax rate of at least 15%.