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Added on the 09/10/2021 12:29:55 - Copyright : Euronews EN
"We’re working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom," says US Treasury Secretary Janet Yellen in remarks to the Chicago Council of Global Affairs think tank. SOUNDBITE
During the concluding G20 Finance ministers' press conference in Bangaluru, the secretary in charge of the Indian Department of Economic affairs, Ajay Seth, says that "all 18 countries felt that the war has got implications on the global economy" and needed to be mentioned. Only China and Russia did not want to sign up to the wording on Ukraine. G20 host India has also refused to condemn Russia, which is New Delhi's biggest arms supplier and has become a major source of oil for India since the invasion. SOUNDBITE
Ireland abandons its resistance to a higher tax rate for global multinationals and agrees to sign up to an international agreement to impose a 15 percent levy on the world's biggest companies. SOUNDBITE
Britain's finance minister Rishi Sunak hails a "historic agreement" by G7 finance ministers meeting in London to commit to a global minimum corporate tax of at least 15 percent. SOUNDBITE
Ministers from G7 top economies on Thursday reached consensus on steps towards an accord on taxing digital giants, an issue that has divided the United States and its allies Britain and France. French Finance Minister Bruno Le Maire, who hosted the two-day meeting in Chantilly outside Paris, hailed the consensus as 'a major step forward'. SOUNDBITE
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