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

June 3, 2021, 9:46 AM

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.

Key details remain unresolved in the negotiations -- led by the Organization for Economic Cooperation and Development -- to re-imagine how the world’s richest corporations, including Facebook Inc. and Apple Inc., should be taxed.

The ultimate goal is to make the biggest companies pay more of their tax in the countries where they have sales, not ...

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