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G7 countries agree on a Uniform minimum Corporate Tax What is G-7 grouping? It is an intergovernmental organisation that was formed in 1975. The bloc meets annually to discuss issues of common interest like global economic governance, international security and energy policy. The G-7 does not have a formal constitution or a fixed headquarters. The decisions taken by leaders during annual summits are non-binding. G-7 is a bloc of industrialized democracies i.e. France, Germany,
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