Leaders of the world’s biggest economies endorsed a deal on corporate taxation that they hope will safeguard their future revenues and offer stability to businesses that operate internationally. The main beneficiaries are likely to be rich countries, including the U.S.

In the opening session of their summit in Rome, leaders of the Group of 20 major economies gave their blessing to a global pact that has been more than a decade in the making, according to officials.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Anti-abortion priest Frank Pavone defrocked for blasphemous posts

VATICAN CITY — The Vatican has defrocked an anti-abortion U.S. priest, Frank…

Ohio Republicans defy their governor by limiting his power to manage the pandemic

GOP Gov. Mike DeWine’s health orders, which included a mask mandate, have…

Hostages shot in California were man and spouse, police say

Two hostages who were shot, one fatally, in a violent incident at…

For families that rely on federal assistance, the debt ceiling crisis creates worrisome uncertainty

DETROIT — Three weeks may be a lifetime for Washington politicos, but…