Global Tax Overhaul Endorsed by G-20 Finance Ministers (1)

Finance ministers from the world’s biggest economies endorsed a global accord overhauling how countries tax big corporations, setting it for approval by heads of state at a summit later this month.

The Group of 20 ministers’ and central bank governors’ statement of support, following a meeting in Washington on Wednesday, came five days after 136 governments reached a deal that resolved key differences over the level of a global minimum rate and an end to new digital taxes that the U.S. has deemed discriminatory.

“This agreement will establish a more stable and fairer international tax system,” the G-20 said in ...