Timeline
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G20 finance chiefs endorse landmark move to prevent profits being shifted to low-tax countries
The aim is for national leaders to give it a final blessing at an October G20 summit in Rome.
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Global G7 deal may let Amazon off hook on tax, say experts
Communique from ministers suggests deal only applies to ‘profit exceeding a 10% margin’, which could rule out Amazon
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G7 global corporate tax deal is far from fair: Oxfam
Fixing a global minimum corporate tax rate of just 15 percent is far too low. It will do little to end the damaging race to the bottom on corporate tax and curtail the widespread use of tax havens, says Oxfam International's Executive Director.
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Tech giants and tax havens targeted by historic G7 deal
The G7 reached a landmark deal on Saturday to squeeze more money out of multinational companies such as Amazon and Google and reduce their incentive to shift profits to low-tax offshore havens.
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Global corporate tax deal gathers momentum as European countries back US plans for global minimum corporation tax
The idea is to ensure companies pay a minimum amount of tax regardless of where they are located, preventing firms from evading taxes by establishing headquarters in countries with lower rates -- a practice prevalent among tech companies.