The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
July 12, 2021

G20 Members Back 15% Global Minimum Tax; Critics Say Greater Change Is Needed
-----------------------------------------------------------------------------

In Venice, Italy, officials at the G20 summit have backed a proposal
calling for a global minimum tax of at least 15% in an effort to curb
tax havens and loopholes for major corporations. The proposal faces many
potential obstacles, including objections from businesses and low-tax
countries. It also currently excludes financial services firms and
extractive industries. Protesters gathered in Venice called out the
exclusive gathering of the world's 20 largest economies.

Silvia Crash: "This is an economic model that we want to oppose. It is
the same economic model that today at the G20 they will try to propose
again to get the lost economy back on its feet after the COVID-19
crisis. This model of tourism, capitalism and exploitation is not a
sustainable model to recover from the economic crisis."



.