G7 Tax Agreement Was Big, But Now Comes the Hard Part

After years of grueling negotiations, the world's wealthiest countries reached an agreement on how—and how much—to tax multinational corporations.

Now comes what could be a heavier lift: Getting buy-in from the rest of the world.

Kate Barton, EY's global vice chair for tax, joins this week's episode of Talking Tax to sort through what the recent G-7 agreement means. She also touches on how getting approval from dozens of other countries—not to mention each of their respective legislatures—could be a more difficult task. Barton tells Bloomberg Tax's Hamza Ali that the pact is indeed as big of a deal as it seems.

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