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Economy

G-7 tax deal reverberates in Singapore and beyond: What to know

Proposed minimum of 'at least 15%' spurs talk of strategic rethink

SINGAPORE -- The Group of Seven advanced economies last week committed to setting a global corporate tax rate of "at least 15%" -- a major milestone in the push for fairer taxation in an era of globalization and digitalization.

While the G-7's proposal will be discussed further in the coming weeks in larger international frameworks, such as the Group of 20, Asian countries and multinationals are already weighing the impact, should a minimum tax materialize.

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