FILE PHOTO: FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo
LONDON (Reuters) -Shares in U.S. technology giants barely reacted on Monday to a landmark global minimum corporate tax deal agreed between the world's richest nations, with analysts saying it will take the backing of low-tax nations to have any meaningful impact on the companies' bottomlines.
The Group of Seven (G7) advanced economies agreed on Saturday to back a minimum global corporate tax rate of at least 15% and the focus now shifts to the G20 countries for a wider agreement on the new tax proposals.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
