A change in the (economic) weather?

The G7 agreement to create a global minimum tax rate on corporate profits is both timid and provisional but it is heartening the gates may be closing on that particular form of tax avoidance.

Deputy Prime Minister Chrystia Freeland, pictured November 2020, joined other G7 finance ministers’ last weekend in London, U.K. where they agreed to create a global minimum tax rate on corporate profits, a baby step, writes Gwynne Dyer.The Hill Times photograph by Andrew Meade

Opinion

BY GWYNNE DYER

June 7, 2021

LONDON, U.K.—It’s not Bretton Woods, but it’s a start. The decision by the finance ministers of the G7 countries to create a global minimum tax rate on corporate profits is a step in the right direction, if only a baby step. The tide was due to turn about now, according to one theory, and mayb...

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