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A global agreement to end the “race to the bottom” on corporate taxation is within sight, according to the French and German finance ministers.

France’s Bruno le Maire told the BBC the G7 club of rich nations were “just one millimetre away from a historic agreement” on a global minimum rate.

He urged low tax states like Ireland to back a deal which would target tech giants such as Amazon and Microsoft.

The German finance minister said a 15%