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World Business Report: First broadcast 07/06/2021 00:06 GMT : G7 agrees global tax deal

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G7 agrees global tax deal

First broadcast 07/06/2021 00:06 GMT 

First broadcast 07/06/2021 00:06 GMT : G7 agrees global tax deal

BBC World Service - World Business Report, G7 agrees global tax deal

Multinationals could now pay a minimum tax rate of 15% in each country they operate.

G7 finance ministers have agreed to work together to create a "level playing field" on global taxation.

The G7 has agreed a deal to ensure multi-national companies pay a tax of 15% in the countries where transactions take place. But is it enough? We hear from 
Jeeven Sander, an economist at Kings College in London, Pieter Baert a tax specialist at Business Europe in Brussels and Danny McCoy, the Chief Executive of IBEC in Ireland. Governments in East Africa will unveil their budget spending plans this week as the region struggles to recover from the impact of coronavirus. We hear from the BBC's Michael Kaloki in Nairobi and Razia Khan who follows the fortunes of economies in Africa for Standard Chartered Bank. A team of researchers in the UK has revealed that we usually only preserve the main gist of an event, because our memories become less detailed over time; we hear from Professor Maria Wimber, from the University of Glasgow, who's the lead author of the report. Independent economic commentator Michael Hughes tells us why China's yuan currency has continued to gain in value against the US Dollar. (Picture of G7 Finance Ministers meeting in London by Henry Nicholls via Getty Images).

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First broadcast 07/06/2021 00:06 GMT : G7 agrees global tax deal

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