Leaders of the world’s 20 major economies have approved a global agreement that will see the profits of large businesses taxed at least 15 percent. It follows concern that multinational companies are re-routing their profits through low tax jurisdictions.
The pact was agreed by all the leaders attending the G20 summit in Rome.
Climate change and COVID-19 were also on the agenda of the summit, which is the leaders’ first in-person gathering since the start of the pandemic.
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