Reuters exclusively reports G20 to endorse deal on global minimum corporate tax

Reuters exclusively reported, according to a draft communique, that the world’s financial leaders will endorse on July 9-10 a deal setting a global minimum corporate tax and call for technical work to be finished so they can approve the framework for implementation in October. G7 finance ministers backed earlier this month a global minimum tax rate of at least 15% and thresholds for divvying up governments’ rights to tax the profits on cross-border commerce, but the G20 draft did not make any reference to that number.