Attendees take part in G7 foreign ministers meeting in London, Britain May 5, 2021. Ben Stansall/Pool via REUTERS
Group of Seven countries are close to reaching agreement on the corporate taxation of multinationals, paving the way for a global deal later in the year, the Financial Times reported.
A G7 deal could be sealed as early as Friday after progress was made among top officials in recent days, the FT said.
If a deal can be agreed informally by finance ministers, the G7 leaders could formally sign it at the June 11-13 G7 summit, presenting a plan to the 135 nations negotiating under the “inclusive framework” at the Organisation for Economic Co-operation and Development, the FT said.
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