Japan Finance Minister says G7 reaches 'historic' deal on minimum global tax

TOKYO: The Group of Seven (G7) advanced countries has struck a "historic" agreement for a minimum global corporate tax of at least 15 per cent, raising momentum for a wider deal among the G20 major economies, Japanese Finance Minister Taro Aso said.

Aso was speaking to reporters after a cabinet meeting on Tuesday (Jun 8), responding to questions about the G7 tax deal hammered out at the grouping's weekend meeting in Britain.