The leaders of G7 countries will endorse the historic agreement reached last week by finance ministers for a global minimum corporate tax of at least 15 percent during their ongoing summit.
The U.S. proposal, agreed to by other member nations, is a critical step towards ending the decades-long race to the bottom that pushes nations to compete over who can offer the lowest tax rate to large corporations at the expense of protecting workers, investing in infrastructure, and growing the middle class.
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