Multinational giants Amazon, Facebook and Google to face G7 tax bill

Rishi Sunak has hailed what he called an “historic agreement”  to reform the global tax system – creating a worldwide base rate of corporation tax of at least 15%.

At the end of a two day meeting of G7 Finance ministers in London, the Chancellor said it would make sure that companies “paid the right tax in the right places”.

The new measures are aimed at digital giants like Amazon and Microsoft, which will now have to pay taxes in the countries where they operate. Our economics correspondent Helia Ebrahimi reports.