"G7 Finance meeting ahead of the upcoming summit have agreed a global taxation regime to ensure that global tech, and social media companies are being taxed at the right rate.

The right rate appears to be 15%.

However, it is clear that the deal was in fact cooked up by the U.S, so they will benefit the most. Furthermore, if you plan to add taxation, and those about to be taxed welcome the move, clearly, the rate is far from draconian.

The G7 meeting will take place in Cornwall this weekend and will concentrate on vaccinating the world, climate change, and how to cooperate to ensure that the recovery from Covid-19 is robust globally.

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