the, the news this is d w, the live from berlin. a breakthrough on global tax reform. wealthy nations agree on a minimum corporate tax rate of 15 percent targeting tax giants to do business worldwide. but avoid paying taxes by setting up shop in territories with a lower rate. coming up on the show, katie appealed for help over the killing of the president. the government wants the international troops to guard vital national infrastructure and australia. it's ashley bar to win the women's tennis singles. when she b,

kara lina fisch cobra of the czech republic in the final, to fulfill a lifelong dream. ah hello, i'm clare richardson, a very warm welcome to the show. finance ministers meeting in italy have agreed on a global minimum corporate tax rate of 15 percent. the deal is to stop countries setting low taxes to attract investment from multinational, especially tech giants who do business worldwide. the new umbrella attack could be enforced within 2 years. a historic setting for a historic deal. finance ministers from the g 20 member countries came together in venice, including china, the u. s. and germany. the group represents the world's largest economies and now has a common goal to set

a minimum tax rate for companies of at least 15 percent. the minimum 6 takes the real great advantage for democracy and for globalization. and it will give us a chance to do the race to the now, just after we are fighting against colbert 19, and we are taking a lot of fight against house crisis to fight against the economy. crisis is absolutely necessary that we take this step and i'm really, really happy that we are, that every major economy already wants the multinational corporations to pay a fair share of tax. take amazon, for example, business boom. during the pandemic last year. in germany alone, it saw 33 percent rise and sailed. but the online giant has not paid any corporate tax. that's because it pays taxes for all of

a european business in the low tax country luxemburg. i'm an amazon ship, much of the profit it makes in germany to knock somebody where it pays less than 15 percent in tax. from luxemburg, the profits then go to the usa. if a minimum tax rate comes in now, amazon would have to pay 15 percent in germany, 15 percent in luxembourg, and at least 15 percent in the u. s. but german corporations like car manufacturers, will also have to pay taxes wherever they do business going forward. the european union wants a similar tax treaty across the holy you. but so far, ireland, hungry and stony are resisting it's an enjoy. now by g. w baron to rigor who is covering the g 20 meeting a for us in venice. and global tax reform have been under negotiation for years. how have they found the political will to strike disagreements now.