US Treasury Secretary Janet Yellen speaks during a press conference during the G20 finance ministers and central bankers meeting in Venice, on July 11 2021. G20 finance ministers gathered on July 9, 2021 in Venice under tight security, with global tax reform at the top of the agenda as the world's biggest economies seek to ensure multinational companies pay their fair share. AFP PHOTO
G20 finance ministers on Saturday (Sunday in Manila) gave their backing to a historic deal to overhaul the way multinational companies are taxed and urged hold-out countries to get on board.
Some 132 countries have already signed up to a framework for international tax reform, including a minimum corporate rate of 15 percent, struck earlier this month.