G-7 ministers seen to back tax ahead of G-20 meeting

Published Fri, Jun 4, 2021 · 05:50 AM

London

FINANCE ministers from the Group of Seven (G-7) nations are expected to endorse Washington's proposal for a new global corporate minimum tax when they meet in London on Friday and Saturday.

It is expected that the meeting of the ministers from the UK, the US, Germany, Japan, France, Italy and Canada will give an extra boost to advance global corporate tax negotiations ahead of a G-20 finance ministers' meeting in July.

Britain is the president of this year's G-7, and this will be the first face-to-face meeting of the finance ministers from these seven powerful countries since the Covid-19 pandemic struck over a year ago.

Among the other measures that will be discussed in the British capital include fiscal incentives and growth strategies to counter the negative impact of the pandemic, reduce the …