G-7 agrees to 'Historic' Global Minimum Corporate Tax Rate
On 5th June, 2021, finance ministers from the G7 nations reached a landmark – backing the creation of a global minimum corporate tax rate of at least 15%, an agreement that could then form the basis of a worldwide deal.
- The decision was taken at the G7 Leaders' Summit held from 11-13 June, 2021 - hosted by the United Kingdom.
- They also agreed in principle to ratify a global minimum corporate tax rate to counter the possibility of countries undercutting each other to attract investments.
- The deal involving the US, the UK, Germany, France, Canada, Italy and Japan, is likely to be ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 The Services Sector as India’s Growth Multiplier: Challenges and Policy Pathways
- 2 India’s Clean Energy Leap: Opportunities, Obstacles & the Road to 2030
- 3 Decoding India’s Strategic Reset with Afghanistan
- 4 India, Mongolia Mark 70 Years of Diplomatic Ties
- 5 AI Roadmap for Inclusive Societal Development
- 6 India-Russia Relations: Celebrating Decades of Unwavering Trust
- 7 RTI at 20: Milestones, Challenges and the Road Ahead
- 8 India’s Biotech Surge: Powering Growth Through Science
- 9 Kautilya Economic Conclave 2025: Navigating India’s Path in a Fragmented Global Economy
- 10 Abolition of GST Compensation Cess: Concerns Over States’ Revenue & Fiscal Autonomy
