News Snapshot:
Advanced economies of the G7 group of wealthy nations finally reached an agreement and signed a milestone pact to tax multinationals and online technology companies on Saturday. The pact is signed to curb tax erosion and tax abuse by multinationals, adopting measures like making companies pay tax in the countries where they work or conduct business. The countries also agreed in principle on a global minimum corporate tax rate of 15%, to counter the countries that use their low tax regime to lure multinational companies. This deal will put a stop to what US Treasury Secretary Janet Yellen says “30-year...
