I am expecting big things from Biden’s first world leader summit. I bet he doesn’t puke on the Japanese leader like Bush nor blow Putin while denying US intelligence briefing reports.
Looking for minimum corporate tax rate and vaccine commitments.
abcnews.go.com
The two biggest outcomes expected from the summit are a shared commitment to a global vaccination effort and an agreement on what the minimum corporate tax rate should be.
Collectively, the countries are committing to providing a billion vaccinations globally to assist people in some of the world’s poorest countries, with Biden announcing Thursday that the United States would contribute half of that total.
MORE: Biden announces US to donate 500M vaccine doses in show of American leadership
On the tax rate, the leaders are expected to collectively endorse a global minimum corporate tax of at least 15%, following up on an agreement met by finance ministers last week, though implementation of such a tax rate ultimately will require approval in each country.
The mood of multilateral cooperation surrounded Biden's debut appearance at the summit, which serves as a stark departure from prior summits in recent years, as former President Donald Trump's skepticism of multilateralism in favor of his "America First" approach to foreign policy rattled the global norms that have long made such summits predictable affairs.
Looking for minimum corporate tax rate and vaccine commitments.
Biden attends G-7 summit amid post-Trump mood of global cooperation
President Joe Biden is meeting with top allies in Cornwall, England, Friday for a G-7 leaders summit.
abcnews.go.com
The two biggest outcomes expected from the summit are a shared commitment to a global vaccination effort and an agreement on what the minimum corporate tax rate should be.
Collectively, the countries are committing to providing a billion vaccinations globally to assist people in some of the world’s poorest countries, with Biden announcing Thursday that the United States would contribute half of that total.
MORE: Biden announces US to donate 500M vaccine doses in show of American leadership
On the tax rate, the leaders are expected to collectively endorse a global minimum corporate tax of at least 15%, following up on an agreement met by finance ministers last week, though implementation of such a tax rate ultimately will require approval in each country.
The mood of multilateral cooperation surrounded Biden's debut appearance at the summit, which serves as a stark departure from prior summits in recent years, as former President Donald Trump's skepticism of multilateralism in favor of his "America First" approach to foreign policy rattled the global norms that have long made such summits predictable affairs.
