Treasury officials are “cautiously optimistic” that G7 finance ministers will agree moves to jointly tax online tech giants such as Amazon, Apple and Microsoft following talks in London.
Chancellor Rishi Sunak will chair a second day of talks at Lancaster House with his counterparts, including those from the US and Germany, as he looks to reach consensus on efforts to “appropriately” tax multinational digital businesses.
Efforts are also understood to be progressing on agreeing a minimum global corporation tax among G7 members but Treasury sources said that, while no agreement had been reached as yet, they were “cautiously optimistic” about the prospect of a deal.
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