- G7 Finance ministers will support their economies as they emerge from the pandemic, a draft communique has revealed.
- ‘We commit to not withdrawing policy support too soon and investing to promote growth, create high-quality jobs and address climate change and inequalities’, the draft says.
- To alleviate the strain on public finances, the G7 will set a global minimum corporate tax level to ensure large multinationals pay their fair share of taxes.
Finance ministers from the group of seven rich nations (G7) will vow this week to support their economies as they emerge from the pandemic and reach an “ambitious” deal on a minimum global corporate tax in July, a draft communique showed.
G7 officials, set to meet in London on June 4-5, will also say that once the recovery is well established, they will need to “ensure long-term sustainability of public finances”, which is understood to be code…