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Global tax reforms that could raise billions edge closer as G7 on brink of agreement

May 27, 2021

Via: Sky News

The unprecedented plans could mean the UK raises billions of pounds in taxes from tech giants and other big companies which have previously shifted profits around the world to avoid them.

G7 finance ministers are expected to agree to keep their business tax rates above a certain level – likely to be 15% – at next week’s meeting in London, according to insiders close to the discussions.

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