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Global Tax Overhaul Endorsed by 130 Nations as Deal Gets Closer Jul 02 2021, 2:44 AM July 01 2021, 9:12 PM July 02 2021, 2:44 AM (Bloomberg) Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. (Bloomberg) Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The world took a big step toward sweeping changes to global taxation as 130 countries and jurisdictions endorsed setting a minimum rate for corporations along with rules to share the spoils from multinational firms like Facebook Inc. and Alphabet Inc.’s Google. After years of missteps and setbacks, the deal brokered in negotiations at the Organization for Economic Cooperation and Development sets the stage for Group of 20 finance ministers to sign off on an agreement in principle at a meeting in Venice next week.

United statesFrance generalCity ofUnited kingdomPaschal donohoeJanet yellenBruno le maireLe maireUs congressFacebook incOrganization for economic cooperationEuropean unionAlphabet incNew economy dailyEconomic cooperationYellen says tax deal