Not a bad idea, is it?

G-7 finance ministers agree on 15% int'l minimum corporate tax rate

Finance ministers from the Group of Seven industrialized nations agreed Saturday on a global minimum corporate tax rate of at least 15 percent to keep multinationals from shifting profits overseas, paving the way for a more inclusive consensus involving over 100 economies.

The G-7 finance chiefs also commit to set new rules to enable governments to impose duties on where multinational firms make sales, they said in a statement released after wrapping up a two-day meeting in London, amid criticism global digital giants such as Google LLC and Apple Inc. are not paying their fair share of taxes.

[english.kyodonews.net]