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World’s lowest tax rate in Summi, where G-7 leaders discuss COVID-NBC4 Washington

President Joe Biden and other world leaders are expected to focus on the global response to the coronavirus pandemic. Said a senior government official.

The White House also announced that the Group of Seven, an organization of industrialized countries around the world such as the United Kingdom, Canada, France, Germany, Italy, Japan and the United States, will also approve a global minimum tax of at least 15% on businesses. did.

If enacted, established global tax rates — must be paid regardless of where the company is based — are the “race to the bottom” of international tax rates that have caused tensions between countries. May reverse what the White House called. For many years.

Biden Thursday, USA Purchase and donate Pfizer’s COVID-19 vaccine 500 million times To countries that are struggling to supply. After Mr Biden’s announcement, Prime Minister Boris Johnson said Britain would give at least 100 million surplus doses to countries in need.

According to the White House, the group will also discuss ways to combat climate change, ransomware and China.

Read the full text of NBCNews.com here..

President Joe Biden announced on Thursday that the United States will purchase 500 million doses of Pfizer’s COVID-19 vaccine and donate it to other countries to combat the coronavirus epidemic.

World’s lowest tax rate in Summi, where G-7 leaders discuss COVID-NBC4 Washington

Source link World’s lowest tax rate in Summi, where G-7 leaders discuss COVID-NBC4 Washington

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