G-7 nations sign key pact to make tech giants pay fair taxes

G-7 nations sign key pact to make tech giants pay fair taxes

G-7 nations sign key pact to make tech giants pay fair taxes

Britain’s treasury chief said the world’s richest countries have signed a landmark global agreement to confront tax avoidance and make sure giant tech companies pay their fair share

LONDON — The world’s richest countries signed a landmark global agreement Saturday to confront tax avoidance and make sure that giant tech companies pay their fair share, Britain’s treasury chief said.

Treasury chief Rishi Sunak said finance ministers from the Group of Seven leading industrialized nations signed the pact on the second and final day of meetings in London.

The meeting of finance ministers came ahead of an annual summit of G-7 leaders scheduled for June 11-13 in Carbis Bay, Cornwall. The U.K. is hosting both sets of meetings because it holds the group’s rotating presidency.