G-7 nations signed an agreement on Saturday committing them to confronting corporate tax avoidance and making sure that giant tech companies pay their fair share.
Chancellor of the exchequer Rishi Sunak says the agreement will reform the global tax system to make it fit for the global digital age and crucially to make sure that it's fair, so that the right companies pay the right tax in the right places.
The G-7 ministers agreed in principle to a global minimum tax rate of 15% for multinational companies in each country they operate in.