Leaders of the Group of 20 leading industrial nations are set to sign off on the most sweeping overhaul of the international tax system in a century when they gather in Rome this weekend, ushering in a 15% global minimum tax and changes to how governments can impose levies on large, profitable multinational companies.

A global tax deal is at hand. Here’s how it would work

Most of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules where companies are taxed and a tax rate of at least 15%.

World Business Watch: 130 countries back global minimum corporate tax of 15%

The US proposal envisages a 21% minimum corporate tax rate has got backing from France and Germany. This move will add momentum to efforts to overhaul global rules despite reluctance from some smaller European countries.

Global minimum corporate tax: US gets support from France, Germany on a 21% tax plan

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A global tax deal is at hand. Here’s how it would work

World Business Watch: 130 countries back global minimum corporate tax of 15%

Global minimum corporate tax: US gets support from France, Germany on a 21% tax plan