G7 reaches 'historic agreement' on global tax reform

摘要

The Group of Seven nations reached a historic deal to reform the global tax system, agreeing that corporations around the world should pay at least a 15% tax on earnings. The state of play: The global tax minimum was proposed by Treasury Secretary Janet Yellen last month, per CNN. The new reforms will affect the world's largest firms with profit margins of at least 10%, U.K. Finance Minister Rishi Sunak explained.