While
the global minimum tax proposal in the finance minister's
communique before the G7 summit is a step forward, it
is disappointingly short of what is needed and possible.
Yet it caught the media's almost-undivided attention,
because it speaks of a new effort by the richest nations
to transform fiscal rules in search of revenues.
*
This article was originally published in the Frontline
Print edition: July 2, 2021.
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