Amazon and Facebook to fall under new G7 tax rules

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Amazon and Facebook to fall under new G7 tax rules

Global minimum corporate tax rate of at least 15 percent agreed.

Both Amazon and Facebook will fall under new proposals for a global minimum corporation tax agreed by the Group of Seven (G7) nations on Saturday, US Treasury secretary Janet Yellen said. A joint statement by G7 finance ministers on Saturday said it would tackle tax avoidance by "the ...

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