Who is this G7? Why are they able to set minimum tax rates on global corporations?

Finally there will be taxes everywhere, Less incentive to move our jobs overseas!
But does this mean we have global rules for business now? Is this something American workers can benefit from?
Will America rush to let Amazon in tax free, anyway?

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Heartlander · 80-89, M

This has to be the the greatest sham of the month. Looking at all the dot-com companies that slipped their deceptive accounting through hundreds of audits with no red flags, and how Bernie Madof slipped through years and years of audits with no one being the wiser, what are the chances of auditing China's or Russia's businesses to verify that they are paying their taxes?

This sounds like a political trick to gift more of the US's achievements to China. Much like we are giving them the fossil fuel industry and the consumer electronic industry.

Stopmakingsense · 56-60, F

@Heartlander wow. And to these countries believe they actually can tax the corporatocracy. The EU thinks they already do!