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G7 leaders will endorse proposed 15% global corporate minimum tax -White House

WASHINGTON, June 11 (Reuters) - G7 leaders meeting in Britain will endorse U.S. President Joe Biden's proposal for global minimum tax of at least 15% on corporations, White House national security adviser Jake Sullivan said on Twitter on Friday.

The U.S. Treasury in May proposed a global minimum corporate tax of at least 15% to try to end a downward spiral of corporate tax rates and deter multinational companies from shifting profits to tax-haven countries. (Reporting by Eric Beech; Editing by Mohammad Zargham)