Chancellor of the Exchequer Rishi Sunak arrives to deliver his’ Mansion House ‘address for Financial and Professional Services, previously known as the Bankers’ Dinner, at Mansion House in London, Britain on July 1, 2021. Stefan Rousseau / Pool via REUTERS

LONDON, July 10 (Reuters) – UK Finance Minister Rishi Sunak has said countries should now work to finalize details of a global deal to agree a minimum corporate tax rate, after as the chief financial officers of the major G20 economies approved the plan on Saturday.

“We now need to work on finalizing the details ahead of our October meeting so that we can effectively bring fairness to the global tax system, and most importantly secure a good deal for UK taxpayers,” Sunak told reporters on the sidelines of the G20 meeting in Venice. .

Sunak chaired a meeting of Group of Seven finance ministers in London last month that reached a tentative deal on how to distribute the income of large multinationals. Read more

G20 support came on Saturday after 130 countries signed up to the plan in Paris last week. Read more

“I am delighted to be here in Venice, to take advantage of the historic global tax deal we reached at the G7 in London,” Sunak said, adding that the deal would ensure that the tax system is fit for purpose. digital age.

Asked about the Euro 2020 soccer final between England and Italy which takes place on Sunday, Sunak said he was eager to return home to watch the game.

“I look forward to a British success in the evening,” he said.

Reporting by Sarah Young

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