London Daily
Focus on the big picture.

LONDON DAILY ARCHIVE

G7 Nations Reach Deal on Global Minimum Tax Framework

Agreement aims to create fairer corporate tax system

29 June 2025 · 03:30 UTC

Finance ministers from the G7 have agreed to a global minimum tax framework designed to prevent multinationals from shifting profits to low-tax jurisdictions.

The deal is intended to ensure major companies pay their fair share in countries where they operate, addressing long-standing concerns over tax avoidance by big corporations.