Excerpt from ClimaTalk:
Ahead of the 26th Conference of the Parties (COP26) in Glasgow, the leaders of the twenty largest world economies met in Rome for the G20 international forum between 30 to 31 October 2021. The key issues discussed included COVID-19, the global economy, and climate change.
Headline decisions
The two-day event started on a high note, with the G20 deciding to implement a minimum tax rate for major corporations in a bid to reduce tax evasion and the use of tax havens. Set at 15%, the tax rate should come into force in 2023, and will affect multinational entities in 90% of the Organisation for Economic Co-operation and Development’s (OECD) countries.
In addition to this, leaders committed to improving vaccine roll-outs and global vaccination rates by providing assistance to developing countries. The conclusion of the forum saw the signing of the G20 Leaders Declaration, which saw the leaders commit to advancing global vaccination to at least 40% of the population in all countries by the end of 2021 and 70% by mid-2022.
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