G7 finance ministers have agreed on a global corporate tax minimum.
According to the ministers, the countries will commit to a minimum corporate tax of at least 15%.
The agreement is expected to be sealed at a meeting of the wider G20 finance ministers in July, the statement said.
The goal of the corporate tax minimum is to bring more tax money from large multinationals to the treasury.
It would hit international technology waste in particular, such as Google and Amazon.
The two-day meeting of finance ministers from the rich G7 industrialized countries in Britain ends today.
The finance ministers of France, Germany, Italy and Spain said in a letter published in the Guardian on Friday before the start of the talks that an agreement on a minimum tax rate was achievable.
- The introduction of this fairer and more efficient international tax system was important even before the current economic crisis, and it will be even more important when it comes out, ministers wrote.
In addition to France, Germany and Italy, the G7 countries include the United States, Britain, Canada and Japan.
Spain, on the other hand, included in the letter published in the Guardian, is not one of the G7 countries.
German Finance Minister Olaf Scholz told the BBC he was absolutely certain that an agreement would be reached.
According to Scholz, the corporate tax name would "change the world" and stop states competing for the lowest tax rate.
- If we reach an agreement, it will be a historic step forward, French Minister of Finance Bruno Le Maire told reporters on Friday.