1 Minute Read by Reuters Staff (Reuters) – WASHINGTON (Reuters) – A senior UK official said on Thursday that the UK feels additional work is needed to gain broader consensus on worldwide tax commitments made by G7 affluent democracies in the coming weeks and months. Jonathan Black, Britain’s G7 and G20 sherpa, said at a Center for Strategic and International Studies online forum in Washington that gaining consensus among G20 major economies for G7 agreements on a global minimum corporate tax and new methods of taxing large multinational firms will be naturally more difficult. “The prize is enormous. I believe we’re confident that we’ll make progress on this, but there’s still a lot of work to be done in the next weeks, and if not then, surely by the end of the year “”Black” stated. David Lawder contributed reporting, and Chizu Nomiyama edited the piece./n
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