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By Oliver West
01 Jul 2021
The historic deal by the G7 for a 15% minimum global corporate tax rate may deliver little benefit to emerging markets, campaigners fear
Emerging
economies in areas such as eastern Europe, Central Asia and Africa may see
little benefit from the G7’s recent agreement on global tax reform, finance
ministers and tax justice campaigners have warned.
At the G7
meeting in the UK in June, the world’s seven richest countries committed to a
global minimum tax of at least 15%. US treasury secretary Janet Yellen said it
would end the “race to the bottom” in corporate taxation and “ensure fairness”
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