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Global Wealth Report 2025

G7 corporate tax deal: who is winning, who is losing?

Ahead of the G7 summit this weekend, we looked into who will win and who will lose from the recently proposed global minimum tax rate of at least 15% for companies. Though the eventual implementation of this agreement will take a long time because of ratification issues, the initiative represents a unique moment of global fiscal convergence. In the long run, the global minimum tax rate for MNEs could impact economies’ potential growth via different channels.

Grand reopening: new opportunities, old risks

Vaccine security will shape the grand reopening. While advanced economies delivered on immunization campaigns, vaccine hesitancy and second-generation vaccines are first-order priorities. In the meantime, under-vaccination in Asia and in Emerging Markets may cause desynchronized growth paths.

European corporates: It could take 5 years to offload Covid-19 debt