Finance

London and Switzerland are seeking ways to dodge the global minimum tax Biden is pushing at the G7

9 days ago   |   By Business Insider

Summary List Placement The City London and Switzerland are aiming to mitigate the effects of the global minimum tax plan agreed by the G7 group of nations.
On Saturday, G7 finance ministers meeting in Cornwall, UK, agreed a global corporate minimum tax of 15%, which companies would need to pay in each country where they operate.
The plan was first put forward by US Treasury Secretary Janet Yellen.
Many companies register themselves in countries with favorable tax rates, like Ireland and Switzerland. The G7 plan is an attempt to impose extra costs on that practice.
Activists have long...
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