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%

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global minimum-tax

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%