<p>Leaders of the world's 20 biggest economies (G20) will endorse an OECD deal on a global minimum corporate tax of 15 per cent, draft conclusions of the two-day G20 summit showed on Saturday, with a view to have the rules in force in 2023.</p>.<p>"We call on the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting to swiftly develop the model rules and multilateral instruments as agreed in the Detailed Implementation Plan, with a view to ensure that the new rules will come into effect at global level in 2023," the draft conclusions, seen by <em>Reuters</em>, said.</p>.<p>The conclusions are to be formally adopted on Sunday.</p>.<p>In October, 136 countries reached a deal on a minimum tax on global corporations, including internet giants like Google, Amazon, Facebook, Microsoft or Apple to make it harder for them to avoid taxation by establishing offices in low-tax jurisdictions.</p>.<p>US Treasury Secretary Janet Yellen said the endorsement of the minimum tax would help US businesses and workers, even though the deal also means that many US-based companies, like the Internet giants, will be paying more tax than now.</p>.<p>"This deal will remake the global economy into a more prosperous place for American business and workers," Yellen said in a statement. </p>.<p><strong>Check out the latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>
<p>Leaders of the world's 20 biggest economies (G20) will endorse an OECD deal on a global minimum corporate tax of 15 per cent, draft conclusions of the two-day G20 summit showed on Saturday, with a view to have the rules in force in 2023.</p>.<p>"We call on the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting to swiftly develop the model rules and multilateral instruments as agreed in the Detailed Implementation Plan, with a view to ensure that the new rules will come into effect at global level in 2023," the draft conclusions, seen by <em>Reuters</em>, said.</p>.<p>The conclusions are to be formally adopted on Sunday.</p>.<p>In October, 136 countries reached a deal on a minimum tax on global corporations, including internet giants like Google, Amazon, Facebook, Microsoft or Apple to make it harder for them to avoid taxation by establishing offices in low-tax jurisdictions.</p>.<p>US Treasury Secretary Janet Yellen said the endorsement of the minimum tax would help US businesses and workers, even though the deal also means that many US-based companies, like the Internet giants, will be paying more tax than now.</p>.<p>"This deal will remake the global economy into a more prosperous place for American business and workers," Yellen said in a statement. </p>.<p><strong>Check out the latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>