Reuters exclusively reports G7 to back minimum global corporate tax and support economy

Reuters exclusively reported that a draft communique has shown finance ministers from the group of seven rich nations (G7) will vow this week to support their economies as they emerge from the pandemic and reach an “ambitious” deal on a minimum global corporate tax in July. G7 officials, set to meet in London on June 4-5, will also say that once the recovery is well established, they will need to “ensure long-term sustainability of public finances,” which is understood to be code for a gradual withdrawal of stimulus.