Hi there,

The climate crisis, war, attacks on reproductive rights, book bans—these threats aren't looming. They are here now. If you think Democracy Now!'s reporting on these issues is essential, please sign up for a monthly gift of $10 or more. Right now, a generous donor will DOUBLE your gift, making your donation twice as valuable. We don't have a paywall or run ads, which means we’re not brought to you by the oil, gas, coal, or nuclear companies when we cover the climate catastrophe or by the weapons manufacturers when we cover war. Democracy Now! is funded by you and that’s why we need your help today. This is a challenging year for news organizations and nonprofits across the board, so please don’t close this window before making your gift. We're counting on you more than ever to sustain our reporting. Start your monthly donation of $10 or more right now and help Democracy Now! stay strong and independent all year round. Thank you so much.
-Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

G7 Ministers Back 15% Corporate Tax Rate Derided by Critics as Too Low a Bar

HeadlineJun 07, 2021

Finance ministers from seven of the world’s wealthiest nations have backed a plan to set a global minimum corporate tax rate of at least 15% on multinational companies. The agreement was reached during a Group of 7 — or G7 — meeting in Britain. German Finance Minister Olaf Scholz welcomed the deal.

Olaf Scholz: “Tax evasion will be more difficult for big companies all over the world, and this is a good message for the people of our countries. And especially the big tech giants will have to pay their fair share, and this is also a good success.”

Oxfam criticized the G7 agreement. In a statement, the group said, “It’s absurd for the G7 to claim it is 'overhauling a broken global tax system' by setting up a global minimum corporate tax rate that is similar to the soft rates charged by tax havens like Ireland, Switzerland and Singapore. They are setting the bar so low that companies can just step over it.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top