G7 to endorse US minimum global corporate tax proposal

G7 finance ministers are expected to endorse a U.S. proposal for an ambitious global corporate minimum tax when they meet on Friday and Saturday in London, a U.S. Treasury official said on Wednesday, Reuters reports.

The official said in an emailed statement the Treasury expects the G7 meetings to provide momentum for advancing global corporate tax negotiations towards a broader G20 finance meeting in July in Italy.

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