CNN CNN Newsroom Live June 6, 2021 09:33:00
Some parts of the world that some of these companies are still allowed if they have a headquarters in a tax-efficient jurisdiction, they can still bill and move those profits and revenues through those jurisdictions. that is the type of loophole these g7 nations, some of the richest countries in the world, have presented a united front to try and stop. it comes at an important time. as you heard janet yellen saying, this has been on the cards for some time but we couldn't get the political weight behind it. now essentially they need the extra revenues to recover the economies after the pandemi...