G7 tax dodging deal ‘sets bar so low companies can just step over it'

A “historic” agreement by G7 leaders that aims to force internet giants to pay more tax sets the bar far too low, campaigners have warned.

Finance ministers from the group of seven wealthy nations struck a deal to establish a minimum global corporation tax of at least 15 per cent to prevent tax dodging by multinationals that book profits in low-rate countries as part of talks in London on Saturday.