The G7 has agreed a deal on tackling corporate tax avoidance by big tech companies.
“It’s a proud moment” says Chancellor Rishi Sunak.
Mr Sunak said G7 finance ministers had committed to a global minimum tax of at least 15%.
Mr Sunak said it “meant the right companies pay the right tax in the right places”.
He called it a “historic agreement that finally brings out global tax system into the 21st century”, adding: “We’re going to level the playing field and inject some fairness into the system.”
Rich nations have struggled for years to agree a way to raise more revenue from large multinationals such as Google, Amazon and Facebook, which often book profits in jurisdictions where they pay little or no tax.
This article was originally published by Sky.com. Read the original article here.