![The minimum global corporate tax deal in context](/.imaging/mte/efg-revamp/547x300/dam/efg/insights/MFN/10-September-2020/MFN_GDP_364x508px.jpg/jcr:content/MFN_GDP_364x508px.jpg)
The minimum global corporate tax deal in context
The agreement among G7 Finance Ministers on the taxation of multinationals and a global minimum rate of 15% on corporate profits has been described as a historic event. In this Macro Flash Note, GianLuigi Mandruzzato puts the G7 decisions in context. The conclusion is that the practical implications of the London agreement will not be felt for some time, perhaps years, and therefore do not represent a game changer for markets.