G-7 back steps to deter tax dodging by multinational firms

U.S. Treasury Secretary Janet Yellen poses for photographs as finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021, ahead of the G7 leaders' summit. (AP Photo/Alberto Pezzali, Pool)

From left, EU's Economy Commissioner Paolo Gentiloni, Eurogroup President Paschal Donohoe, World Bank President David Malpass, Italy's Finance Minister Daniele Franco, French Finance Minister Bruno Le Maire, Canada's Finance Minister Chrystia Freeland, Britain's Chancellor of the Exchequer Chancellor Rishi Sunak, Managing Director of the IMF Kristalina Georgieva, Germany's Finance Minister Olaf Scholz, U.S. Treasury Secretary Janet Yellen, Secretary-General of the Organisation for Economic Co-operation and Development (OECD) Mathias Cormann, Japan's Finance Minister Taro Aso pose for a family photo as finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021 ahead of the G7 leaders' summit. (Henry Nicholls/Pool Photo via AP)

Japan's finance minister Taro Aso, left, and Italy's Economy and Finance Minister Daniele Franco during their meeting, as finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021 ahead of the G7 leaders' summit. (Rob Pinney/Pool Photo via AP)

From left, EU's Economy Commissioner Paolo Gentiloni, Eurogroup President Paschal Donohoe, World Bank President David Malpass, Italy's Finance Minister Daniele Franco, French Finance Minister Bruno Le Maire, Canada's Finance Minister Chrystia Freeland, Britain's Chancellor of the Exchequer Chancellor Rishi Sunak, Managing Director of the IMF Kristalina Georgieva, Germany's Finance Minister Olaf Scholz, U.S. Treasury Secretary Janet Yellen, Secretary-General of the Organisation for Economic Co-operation and Development (OECD) Mathias Cormann, Japan's Finance Minister Taro Aso pose for a family photo as finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021 ahead of the G7 leaders' summit. (Henry Nicholls/Pool Photo via AP)

Britain's Chancellor of the Exchequer Rishi Sunak, left, poses for photos with Eurogroup President Paschal Donohoe as finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021 ahead of the G7 leaders' summit. (AP Photo/Alberto Pezzali, Pool)

EU's Economy Commissioner Paolo Gentiloni poses for photographs as finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021, ahead of the G7 leaders' summit. (AP Photo/Alberto Pezzali, Pool)

U.S. Treasury Secretary Janet Yellen, left, and Eurogroup President Paschal Donohoe pose for photos as finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021, ahead of the G7 leaders' summit. (AP Photo/Alberto Pezzali, Pool)

Britain's Chancellor of the Exchequer Rishi Sunak, left, poses for photos with Eurogroup President Paschal Donohoe as finance ministers from across the G7 nations meet at Lancaster House in London, Saturday, June 5, 2021, ahead of the G7 leaders' summit. (AP Photo/Alberto Pezzali, Pool)