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Deputy Prime Minister Chrystia Freeland on Saturday lauded a deal reached by the finance ministers of the Group of Seven (G7) nations to tax big multinational and back a minimum global corporate taxation rate. In a tweet earlier on Saturday, Freeland said multinational corporations “need to pay their fair share of taxes,” adding that the G7 has now “outlined a path to make this possible.” “This is good news for Canadians and Canadian businesses, and will ensure a fair and level playing field for them in the global economy,” she wrote. Freeland, who also serves as Canada’s Deputy Prime Minister, has spent the last two days in London, England, meeting with her G7 counterparts. On Saturday morning, the finance ministers of the wealthy G7 nations reached a deal to pursue higher global taxation on multinational businesses such as Facebook, Apple, Amazon and Google.

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