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June 10, 2021 00:15 IST Updated: June 10, 2021 00:15 IST Updated: June 10, 2021 01:24 IST The political will shown by G7 to ensure fairness in revenue sharing is a good augury Share Article AAA The political will shown by G7 to ensure fairness in revenue sharing is a good augury The Finance Ministers of the G7 nations appear to have heeded the advice to ‘never let a good crisis go to waste’ when they agreed last week to set a global minimum tax of at least 15%. With the COVID-19 pandemic having caused the world economy to shrink by an estimated 3.5% in 2020 and forced most countries to dip into their coffers to mitigate the fallout, the seven richest nations opted to use the opportune moment to plug a key loophole in the international tax regime. In a communique, the G7 Ministers stressed that as part of efforts to secure a ‘Safe and Prosperous Future for All’ they would strongly back the broader efforts under way through the G20/OECD to address tax challenges arisin

Tax justice networkInclusive framework on base erosionFinance ministersProsperous futureInclusive frameworkBase erosionProfit shiftingEncouraging accordவரி நீதி வலைப்பின்னல்உள்ளடக்கியது கட்டமைப்பு ஆன் அடித்தளம் அரிப்புநிதி அமைச்சர்கள்ப்ராஸ்பரஸ் எதிர்காலஉள்ளடக்கியது கட்டமைப்புஅடித்தளம் அரிப்பு