Wall St dips as investors weigh G7 tax deal risk

Published by
Reuters

By Shashank Nayar (Reuters) – The S&P 500 eased on Monday, although it remained 0.5% away from its all-time high, as a deal by the world’s richest nations on a global minimum corporate tax overshadowed bets on a full economic reopening. The Group of Seven (G7) advanced economies agreed on Saturday to back a minimum global corporate tax rate of at least 15%, squeezing more money out of multinational companies such as Amazon.com and Google. But analysts said immediate market implications would be minimal since the details remained to be negotiated over the coming months. Shares of Apple Inc, Ama…

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