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G-7 leaders discuss global minimum tax rates at COVID, Summi – NBC10 Philadelphia

President Joe Biden and other world leaders claim the unique capabilities of democratic institutions to respond to the economic crisis, while the world to the coronavirus pandemic on Friday, the first day of the G7 conference in Cornwall, England. It is expected to focus on the response, a senior government official said.

According to the White House, the Group of Seven, an organization of the UK, Canada, France, Germany, Italy, Japan and the United States, the world’s leading industrialized nations, also imposes a global minimum tax of at least 15% on businesses. I plan to approve it.

Once enacted, the established global tax rate (which must be paid regardless of where the company is based) is the race to the bottom of the White House against the international tax rate that is causing tensions between countries. May overturn for many years.

Biden Thursday, USA Purchase and donate Pfizer’s COVID-19 vaccine 500 million times To countries that are struggling with supply. After Biden’s announcement, Prime Minister Boris Johnson said he would give Britain at least 100 million surplus doses to the countries in need.

According to the White House, the group will also discuss how to combat climate change, ransomware and China.

Read the full text of NBCNews.com here..

President Joe Biden announced on Thursday that the United States will purchase Pfizer’s COVID-19 vaccine 500 million times and donate it to other countries to combat the coronavirus epidemic.

G-7 leaders discuss global minimum tax rates at COVID, Summi – NBC10 Philadelphia

Source link G-7 leaders discuss global minimum tax rates at COVID, Summi – NBC10 Philadelphia

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