July 12, 2021
published at 3:19 AMReuters
A handout photo. Participants attend the G20 high-level tax symposium during the G20 finance ministers and central bank governors meeting in Venice, Italy, July 9, 2021.
Reuters via G20 Italy
VENICE, Italy, July 10 - An upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world s 20 largest economies warned on Saturday (July 10).
The G20 gathering in the Italian city of Venice was the ministers first face-to-face meeting since the start of the pandemic. Decisions include the endorsement of new rules aimed at stopping multinationals shifting profits to low-tax havens.
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Virus variants threaten global recovery, G20 warns 11 Jul 2021 / 08:04 H. Protesters demonstrate against finance ministers from G20 countries and their policies as they meet in Venice, in Venice, Italy, July 10, 2021. -Reuters
VENICE: An upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world s 20 largest economies warned on Saturday.
The G20 gathering in the Italian city of Venice was the ministers first face-to-face meeting since the start of the pandemic. Decisions include the endorsement of new rules aimed at stopping multinationals shifting profits to low-tax havens.
That paves the way for G20 leaders to finalise a new global minimum corporate tax rate of 15% at a Rome summit in October, a move that could recoup hundreds of billions of dollars for public treasuries straining under the Covid-19 crisis.
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COVID-19 variants threaten global recovery, G20 warns
FILE PHOTO: People walk without wearing masks as Italy lifts mandatory masks outdoors thanks to a decline in the coronavirus disease (COVID-19) cases and hospitalisations, in Rome, Italy, June 28, 2021. REUTERS/Guglielmo Mangiapane
10 Jul 2021 08:05PM (Updated:
11 Jul 2021 08:57AM) Share this content
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VENICE: An upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world s 20 largest economies warned on Saturday (Jul 10).
The G20 gathering in the Italian city of Venice was the ministers first face-to-face meeting since the start of the pandemic. Decisions include the endorsement of new rules aimed at stopping multinationals shifting profits to low-tax havens.
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An upsurge in new coronavirus variants and poor access to vaccines in developing countries threaten the global economic recovery, finance ministers of the world s 20 largest economies warned on Saturday.
The G20 gathering in the Italian city of Venice was the ministers first face-to-face meeting since the start of the pandemic. Decisions include the endorsement of new rules aimed at stopping multinationals shifting profits to low-tax havens.
That paves the way for G20 leaders to finalise a new global minimum corporate tax rate of 15% at a Rome summit in October, a move that could recoup hundreds of billions of dollars for public treasuries straining under the COVID-19 crisis.
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