(Bloomberg) — Group of Seven governments are nearing a deal to pursue a minimum corporate tax rate of at least 15 percent in international negotiations, but remain at odds over how to treat global technology companies, officials said. Finance ministers are meeting Friday and Saturday in London, and are due to release a statement after the discussions, as reported by Bloomberg. Agreeing on the minimum tax rate would be only one of two parts of a broader deal that countries are trying to reach, which also covers how to divide up levies on some of the biggest multinational firms like Facebook Inc. and Amazon.com Inc.
Reaching consensus on terms for that part is proving trickier, with officials still engaged in talks, the people said, speaking on condition of anonymity to describe the private discussions.
