"G7 finance ministers have reached a historic agreement to reform the global tax system to make it fit for the global digital age," British finance minister Rishi Sunak said after chairing a two-day meeting in London. German finance minister Olaf Scholz said the deal was "bad news for tax havens around the world". TAXING TIMESCurrent global tax rules date back to the 1920s and struggle with multinational tech giants that sell services remotely and attribute much of their profits to intellectual property held in low-tax jurisdictions. French Finance Minister Bruno Le Maire said he would push for a higher minimum tax, calling 15% "a starting point". The G7 includes the United States, Japan, Germany, Britain, France, Italy and Canada.- Reuters
