France hosts G7 expanded summit with a focus on fairer capitalism and equality

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President Emmanuel Macron hosts G7 leaders in Biarritz for the 45th summit of the group of major industrialized nations. Fairer capitalism and equality top his diverse agenda. He plans to expand the format of the summit and widen the debate by including leaders from outside the G7 and also influential individuals from civil society.

In the lead up to the summit, G7 finance ministers and bank governors explored taxation as a means of bringing about fairer capitalism. France is expected to urge the G7 to reach a global corporate tax deal. Euronews reports that Paris recently defied the United States administration by passing a tax on big digital firms’ revenues in France despite a threat from Washington to launch a probe that could lead to trade tariffs.

The non-G7 leaders will be expected to contribute insight on the debates of subjects as diverse as digital transformation, climate change and gender discrimination from their particular group or region. According to France’s G7 website, Australia, Chile, India and South Africa fall in the first group as “partners committed . . . to democratic values and fundamental freedoms.”

African leaders who are leaders of forums in their own region form a second group.

The third group is made up of, “Exceptional figures committed to the fight against violence and discrimination, promoting girls’ access to education, economic empowerment of women and women’s entrepreneurship.”

The members of the G7 are: Canada, France, United States, Japan, Italy, Germany and the United Kingdom.

G7 web (France Gov.)

France urges G7 to reach global corporate tax deal (Euronews Jul 2019)

Date written/update: 2019-07-23