Finance ministers from the G7 group of rich nations will meet in London on Friday for two days of talks aimed at moving closer to a global deal to raise more tax from the likes of Google, Facebook and Amazon.
The gathering, chaired by British finance minister Rishi Sunak, will be the first time all seven ministers will meet face-to-face since the start of the coronavirus pandemic.
Sunak stressed the importance of his fellow ministers from the United States, Japan, Germany, France, Italy and Canada being able to meet face-to-face in Lancaster House, an ornate 19th-century mansion almost next door to Buckingham Palace.an interviewDue to COVID restrictions, ministerial delegations have been cut down and there are few travelling journalists. Seating plans have been redesigned with the help of public health officials.
But just as important for Britain and many other countries is that companies pay more tax where they make their sales -- not just where they book profits, or locate their headquarters. Britain, Germany and France are open to this approach but want to ensure companies such as Amazon - which has lower profit margins than other tech firms - do not escape the net.
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