Anti-poverty groups criticise rich countries over G7 tax deal

FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak speaks at a meeting of finance ministers from across the G7 nations ahead of the G7 leaders' summit, at Lancaster House in London, Britain June 4, 2021. Stefan Rousseau/PA Wire/Pool via REUTERS/File Photo

FRANKFURT (Reuters) - Anti-poverty campaigners on Monday criticised a deal reached by seven wealthy countries to impose a minimum tax on multinational companies, saying it would benefit rich nations at the expense of the poor.

Finance Ministers from the Group of Seven advanced economies agreed on Saturday to back the creation of a global minimum corporate tax rate of at least 15%, aiming to squeeze more money out of multinationals such as Amazon and Google and reduce their incentive to shift profits to low-tax offshore havens.