G7

The seven most powerful economies in the world, assembled in the Group of 7 (G7), have reached an historic agreement on taxes on big tech: multinationals with a profit margin above 10% will have to pay at least 20% of their taxes where they produce profits and not, as many do, in countries with low tax rates where they base their operating headquarters. Moreover, these powers have agreed to set 15% as the minimum tax rate, lowering the proposal from the United States, which was 21%. France was also hoping for a higher common rate.