LONDON: A Group of agreement to devote to a worldwide minimum company tax of 15% over a country by country basis will produce a level playing field for businesses across the world, British finance ministry Rishi Sunak stated on Saturday.
He added the demand for national electronic services taxation will fall off when the international solution is set up.
“Following years of debate, G7 finance ministers have reached a historic agreement to reform the international taxation strategy to make it match for the international electronic era,” he told reporters.