The G7 Finance Ministers’ Announcement on Pillars One and Two: Does It Matter?

    View Author June 2021
    On June 5, 2021, the finance ministers of the G7 (Canada, France, Germany, Italy, Japan, the UK, and the US) announced their support for a global minimum tax of at least 15% and for the reallocation of 20% of the profits above a 10% profit margin for large multinationals. Jeff VanderWolk considers the implications.

    *This article was first published in Bloomberg Tax on June 16, 2021.