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“They also agreed in principle to a global minimum corporate tax rate of 15% to avoid countries undercutting each other.”

BBC Newsbbc.co.uk ↗

“In principle” means nothing is signed. The G20 still has to agree next month, and China and Russia sit at that table. A floor only works if every haven signs up. Amazon and Facebook will pay the same accountants who built the old loopholes to find the next ones.