G20 finance chiefs back deal to revamp corporate taxation: Reuters
- Date: 13-Oct-2021
- Source: Arab News
- Sector:Financial Markets
- Country:Saudi Arabia
G20 finance chiefs back deal to revamp corporate taxation: Reuters
WASHINGTON: Finance leaders from the G20 major economies on Wednesday endorsed a global deal to revamp corporate taxation and pledged to avoid premature withdrawal of fiscal support while keeping a close eye on inflationary pressures, according to a final draft communique seen by Reuters. The G20 finance ministers and central bank governors also called on the International Monetary Fund to establish a new trust fund to channel a $650 billion issuance of IMF monetary reserves to a broader range of vulnerable countries.Â