Economics

Map for Global Tax Revamp Runs From London to Rome, Via Venice

G-7 countries aim for progress ahead of G-20 meetings
EU, U.S. face challenges to adopt any tax agreement at home

The Apple Inc. store on Regent Street in London, U.K.
Photographer: Jason Alden/Bloomberg

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By Laura Davison, William Horobin, and Isabel Gottlieb

June 3, 2021 at 9:46 AM UTC

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Global talks to revamp the international tax system and impose a worldwide minimum corporate rate have gotten fresh life in recent months, and this week’s Group of Seven finance ministers’ meeting may provide additional momentum toward a broader deal in July or October.