Profit shifting and paying for a recovery: why a global tax plan is being hailed as ‘historic’

EU's Economy Commissioner Paolo Gentiloni, Eurogroup President Paschal Donohoe, World Bank President David Malpass, Italy's Finance Minister Daniele Franco, French Finance Minister Bruno Le Maire, Canada's Finance Minister Chrystia Freeland, Britain's Chancellor of the Exchequer Chancellor Rishi Sunak, Managing Director of the IMF Kristalina Georgieva, Germany's Finance Minister Olaf Scholz, U.S. Treasury Secretary Janet Yellen, Secretary-General of the Organisation for Economic Co-operation and Development (OECD) Mathias Cormann, Japan's Finance Minister Taro Aso pose for a family photo during the G7 finance ministers meeting at Lancaster House in London, Britain, June 5, 2021. REUTERS/Henry Nicholls - RC29UN9V7KRZ

Attendees pose for a photo during the G7 finance ministers meeting in London, June 5, 2021. Image: REUTERS/Henry Nicholls - RC29UN9V7KRZ

John Letzing
Digital Editor, Strategic Intelligence, World Economic Forum
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