G-7 Tax Agreement Was Big, But Now Comes the Hard Part (Podcast)

June 18, 2021, 8:45 AM

After years of grueling negotiations, the world’s wealthiest countries reached an agreement on how—and how much—to tax multinational corporations.

Now comes what could be a heavier lift: getting buy-in from the rest of the world.

Kate Barton, EY’s global vice chair for tax, joins this week’s episode of Talking Tax to sort through what the recent G-7 agreement means. She also touches on how getting approval from dozens of other countries—not to mention each of their respective legislatures—could be a more difficult task. Barton tells Bloomberg Tax’s Hamza Ali that the pact is indeed as big of a deal as it seems. Listen to the episode here.

Have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

To contact the reporter on this story: David Schultz in Washington at dschultz@bloombergindustry.com

To contact the editors responsible for this story: Patrick Ambrosio at pambrosio@bloombergtax.com; Yuri Nagano at ynagano@bloombergtax.com

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