The Biden administration has published the Carbis Bay G7 Summit Communiqué, following the G7 leaders' meetings held 11 to 13 June 2021. With respect to taxation, the key point of the communiqué is the endorsement of the agreement reached by the G7 finance ministers a week earlier, as follows:
22. We need a tax system that is fair across the world. We endorse the historic commitment made by the G7 on 5 June. We will now continue the discussion to reach consensus on a global agreement on an e…