Rich nations back deal to tax multinationals

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The G7 group of leading economies has reached a “historic” deal on taxing multi-national companies, the UK’s Chancellor of the Exchequer, Rishi Sunak says.

Finance ministers meeting in London agreed to commit to the principle of a minimum corporate tax rate of 15%.

The move could see billions of dollars flow to governments to pay off debts incurred during the Covid crisis.

Tech giants such as Amazon and Google could be among the companies affected.

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