TOKYO: Finance ministers and central bank leaders of the Group of Seven major powers are believed to have discussed international taxation rules in a video conference Tuesday night Japan time.

The G-7 officials are believed to have exchanged views on measures to prevent tax avoidance by multinational information technology giants, as well as the world economic situation and assistance to developing countries amid the novel coronavirus pandemic, sources said.

The officials attended the session ahead of a meeting of the Group of 20 finance ministers and central bank heads Wednesday. From Japan, Finance Minister Taro Aso and Bank of Japan Governor Haruhiko Kuroda participated in the G-7 talks.

On Monday, US Treasury Secretary Janet Yellen proposed the introduction of a global minimum corporate tax rate, saying she will call for a G-20 agreement on the issue.

Welcoming the remark, Aso told a press conference earlier Tuesday that “we’ve taken a step forward” toward an international agreement on the matter.

JIJI Press