UK Treasury chief optimistic on tax deal targeting big tech
Leaders of the seven countries will hold their annual meetings June 11-13 in Carbis Bay, Cornwall, at Englands southwestern tip.
- Country:
- United Kingdom
Britain's Treasury chief says he's optimistic the world's richest countries will agree on a plan to tax internet companies and other multinationals on their global profits during two days of meetings that begin Friday in London.
Finance ministers from the Group of Seven leading industrialised nations are meeting amid growing support for a global minimum corporate tax, which is backed by US President Joe Biden. An endorsement from the G-7 could help build support for a deal in talks among more than 140 countries being held in Paris.
"I'm hugely optimistic that we will deliver some concrete outcomes this weekend,'' Treasury chief Rishi Sunak said in a statement. "Together we can make a real change and help steer the international community through the next stage of our recovery." London is hosting the meeting because Britain currently holds the G-7's rotating presidency. Leaders of the seven countries will hold their annual meetings June 11-13 in Carbis Bay, Cornwall, at England's southwestern tip.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Rishi Sunak
- Carbis Bay
- England
- Britain
- Treasury
- Group of Seven
- Joe Biden
- London
- Cornwall
- Paris
ALSO READ
Democratic presidential nominee Joe Biden wins Puerto Rican primary, secures 51 delegates, reports AP.
US President Joe Biden calls Japan, India 'xenophobic' nations that do not welcome immigrants
Top US Treasury official to travel to Singapore, Malaysia to discuss sanctions
US targets Chinese entities, individuals in new Russia-related sanctions, Treasury website shows
US Treasury grants flexibility on trace minerals in EV tax credits