Already in July, G20 finance ministers supported tax reform for transnational corporations. The purpose of the reform is to make companies pay taxes in the countries where they earn their income, and to introduce a minimum corporate tax rate of 15%.
However, the minimum corporate tax has yet to be formally approved by the G20 leaders.
It has already been reported that a two-day summit of G20 leaders began in Rome on Saturday, focusing on the fight against climate change and the Covid-19 pandemic.
This is the first face-to-face meeting of G20 leaders since the pandemic began.
The news agency Reuters reported that the tax agreement proposed by the United States will be formally approved on Sunday and will enter into force in 2023.
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