Group of Seven countries are close to reaching agreement on the corporate taxation of multinationals, clearing the way for a global deal later in the year, the Financial Times reported.
After the United States agreed to accept a minimum rate of at least 15%, France, Germany and Italy said the new proposal was a good basis for sealing an international deal by July.
A G7 deal could be agreed as early as Friday after progress was made among top officials in recent days, the FT said.
“The world is closer than ever before to a global minimum tax,” U.S. National Security Adviser Jake Sullivan said on May 22.
“Great to hear the positive reception to our proposal,” he said on Twitter. “This is what it looks like to lead the world to end the race to the bottom.”
Nearly 140 countries aim to reach broad agreement this summer to rework rules for taxing multinational groups and big technology companies, such as Alphabet Inc and Facebook Inc.
For governments facing rising demands on public services and constrained resources, artificial intelligence is moving from technological promise to practical tool.
Malta is putting th...
The world’s leading cruise operators are reporting strong earnings despite rising fuel prices, but Carnival, Royal Caribbean and Norwegian Cruise Line are taking different approaches to ...
Updated 1120
Malta’s economy shows mixed signals as property market slows
Malta’s economy is showing mixed signs, with strong tourism spending and consumer confidence contrasting w...
Updated 1140
Malta Marks 105 Years of Parliamentary History with Commemorative Plaque: Malta’s Parliament has commemorated 105 years of parliamentary history with the unveiling of a p...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
For governments facing rising demands on public services and constrained resources, artificial intelligence is moving from technological promise to practical tool.
Malta is putting th...
The world’s leading cruise operators are reporting strong earnings despite rising fuel prices, but Carnival, Royal Caribbean and Norwegian Cruise Line are taking different approaches to ...
What began last year as a blood donation initiative involving six companies is expanding into a broader corporate effort, with three additional companies joining this...
Artificial intelligence is rapidly moving up the boardroom agenda, raising an important question for non-executive directors: are boards equipped to oversee the transformation AI is brin...
For governments facing rising demands on public services and constrained resources, artificial intelligence is moving from technological promise to practical tool.
Malta is putting th...
Malta will host a high-level gathering of European healthcare leaders on 26 November, as the inaugural HekaTech Health 2026 conference brings together policymakers, regulators, industry ...
Fears of renewed escalation gripped the Middle East on Wednesday after the United States and Iran exchanged their biggest barrage since July, with Washington striking Iran's southern co...
President Donald Trump announced late Saturday that he had called off planned U.S. strikes on Iran, saying renewed negotiations had raised hopes of easing the conflict and reopening ship...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
Ukraine said Thursday it struck a Russian oil refinery and damaged six Russian warplanes at an airfield, resuming attacks on Russian energy infrastructure after President Volodymyr Zelen...
Ukrainian drones hit Russia's biggest data centre, owned by the country's largest bank and technology company, Sberbank, but did not disrupt its operations, a senior company executive ...
