G20 Finance Ministers Commit to Global Tax Deal Negotiations

The Group of 20 nations Thursday agreed to continue working towards an agreement on the global minimum tax.

Finance ministers for the G20 nations meeting in South Africa across 16-17 Oct. said they would “continue engaging constructively” on negotiations over the framework’s global minimum tax rule.

The global minimum tax—Pillar Two of the OECD-led tax pact—seeks to impose a 15% minimum levy on multinational companies in every country where they operate.

The statement added that the nations’ shared goal is finding a “balanced and practical solution that is acceptable to all as soon as possible.”

Any solution must ensure any ...