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U.K. Says G-7 Is Discussing Solutions on Taxing Digital Cos.

June 4, 2021, 3:45 PM

U.K. Chancellor of the Exchequer Rishi Sunak releases a statement on progress in G-7 finance minister meeting in London.

  • Cites “productive discussions on agreeing a global solution for taxing digital companies”
  • Sunak says large digital firms should pay an appropriate level of tax where they operate
  • Says G-7 has “opportunities to make truly lasting reforms like this do not come along very often”
  • On climate change, Sunak said: “The transition to net zero will be one of the defining economic stories of the next decade and will transform our future societies. We need to begin the practical, tangible work of ...

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