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G7 nations reach ‘historic’ agreement over global corporate tax
5 years agoBritain's Chancellor of the Exchequer Rishi Sunak reacts during a media interview after arriving at the BBC in central London on November 22, 2020, to take appear on the BBC political programme The Andrew Marr Show. - Britain's debt is now at its highest level since 1961 as a share of GDP, after the government embarked on a massive spending spree to mitigate the economic effects of the COVID-19 coronavirus pandemic and resulting lockdowns. (Photo by Tolga Akmen / AFP)
Finance ministers from wealthy G7 nations on Saturday pledged to commit to a global minimum corporate tax of at least 15 percent, rallying behind a US-backed plan.