G20 to call for global tax deal to be finalized by October

G20 finance ministers are to push for unresolved issues in a proposed global corporate tax overhaul to be ironed out by October and they urged holdouts to join the deal, according to the latest version of their statement from a meeting in Venice.

The statement, which two sources said was expected to be released without changes, said the ministers also endorsed a recent deal among 131 countries on taxation of multinationals' profits and setting a global minimum corporate tax rate of at least 15%.

Also Read: Venice festival to honour Jamie Lee Curtis with lifetime achievement award