Commentary Historically, meetings of the largest economies in the world have been essential to reaching agreements that would incentivize prosperity and growth. This was not the case this time. The G7 meeting agreements were light on detailed economic decisions, except on the most damaging of them all: a minimum global corporate tax. Why not an agreement on a maximum global public spending? Imposing a minimum global corporate tax of 15 percent without addressing all other taxes that governments impose before a business reaches a net profit is dangerous. Why would there be a minimum global corporate tax when subsidies are different, some countries have different or no value added tax (VAT) rates, and the endless list of indirect taxes is completely different? The G7 stated that they “commit to reaching an equitable solution on the allocation of taxing rights, with market countries awarded taxing rights on at least 20% of …