Tech giants must pay their fair share of tax to help tackle COVID

G20 countries may be losing as much as $32bn annually in taxes from just five of the world’s largest tech companies.

Leaders of the wealthiest countries will be attending the G7 Summit in Cornwall, UK, on June 11-13 in the first “in-person” world leaders’ summit since the pandemic started. There are a number of complex global issues G7 leaders will wrangle with at the summit, namely, how to end the pandemic, kick-start the recovery and better prepare for climate change. Pressure is on the UK government which hosts not only the G7 but also the UN Climate Change Conference later this year. The question on everyone’s mind is: Who will foot the bill to address these global issues?