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Industry Keyword: G7

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Tech regulation leads the agenda at UK G7 forum

Governments, tech leaders and policymakers discussed working together to ensure the internet remains open and democratic, and to improve online safety by better regulation at a conference in London, a prominent British minister said. The...

G7 finance officials endorse principles for central bank digital currencies

G7 finance officials have endorsed 13 public policy principles for retail central bank digital currencies, saying they should be grounded in transparency, the rule of law and sound economic governance, the Treasury Department said. "Innovation...

Official: The Biden White House plans a 30-country meeting on cyber crime

Top US national security advisers will gather officials from 30 countries this month with plans to combat the growing threat of ransomware and other cyber crime, President Joe Biden said on Friday. An online session...

G7 countries seem to be devising a way to catch Amazon in tax net

G7 states have found a way to include Amazon, one of the world's biggest companies, on a list of 100 set to face higher taxes in the countries where they do business by targeting...

Big tech supports global tax, but wants digital services levies axed

Tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15% corporate tax rate if the final deal also scraps increasingly popular digital services...

Facebook says it could pay more tax after G7 deal

Facebook welcomes the progress made by the Group of Seven on a minimum tax rate and accepts this could mean the social network pays more tax, and in different places, its head of global...

US Treasury: G7 finance officials back need to regulate digital currencies

Finance ministers and central bankers from the G7 advanced markets strongly supported the need to regulate digital monies, the US Treasury Department said in a statement on Monday after a digital assembly of their...

G7 vows to fight ransomware attacks; say stablecoin needs regulation

Fiscal leaders of this world's seven biggest economies on Tuesday pledged to fight rising ransomware strikes amid the COVID-19 pandemic, also said no stablecoin surgery should commence until it's properly regulated. In a joint statement,...

G7 draft: Facebook’s Libra must not start until properly regulated

Financial leaders of this world's seven largest economies will state on Tuesday that they oppose the launch of Facebook's Libra stablecoin before it's properly regulated, a draft G7 statement revealed. The draft, prepared for a...