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Hungarian Prime Minister Viktor Orban has criticized a proposed global minimum corporate tax, calling it "absurd" and warning that his governme

The decision of the Group of seven (G-7) advanced economies would be placed before the G-20 countries, a group of developing and developed nations, in a meeting scheduled for July in Venice.

German finance minister Olaf Scholz says a minimum tax deal agreed by the G7 will "change the world".

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.The Group of Seven advanced economies agreed the outline of a global deal on taxation that could give governments greater rights to tax U.S. tech giants and set a floor for corporate rates around the world.The pact at a meeting of G-7 finance ministers in London smooths transatlantic tensions that have for years undermined negotiations to update century-old rules for the 21st century ec

WASHINGTON (Reuters) -Finance ministers from the G7 wealthy democracies are expected to endorse Washington's proposal for an ambitious global corporate minimum tax when they meet in London later this week, a U.S. Treasury official said on Wednesday. The official said in an emailed statement the Treasury expects the G7 meetings on Friday and Saturday to provide momentum for advancing global corporate tax negotiations towards a broader G20 finance meeting in July in Italy. The U.S. Treasury in May proposed a global minimum corporate minimum tax of at least 15% to try to end a downward spi...