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Bargaining over global tax enters key stage

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AFP

Paris (AFP) – Nearly 140 countries will haggle over key details of a global corporate tax plan this week, with some concerned about giving up too much and others eager to ensure tech giants pay their fair share. The Group of Seven (G7) wealthy democracies approved a proposal to impose a minimum corporate tax rate of at least 15 percent earlier this month, hoping to stop a “race to the bottom” as nations compete to offer the lowest rates. It is one of two pillars of reforms that would also allow countries to tax a share of profits of the 100 most profitable companies in the world — such as Goo…

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