G7 refers to the United States, Britain, France, Germany, Japan, Italy and Canada. G7 refers to the Group of Seven, which is a forum where major industrial countries meet to discuss policies. In the early 1970s, after the first oil crisis hit the economies of western countries hard, at the initiative of France, the six industrial powers of the United States, Britain, Germany, France, Japan and Italy established the 1975+065438 Six-nation Group in 10.

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The G-7 Summit, referred to as the G-7 Summit for short, is a mechanism for the heads of state or government of the seven most industrialized countries in the West to hold consultations on major issues of common concern. It came into being in the mid-1970s and went through three stages: economic summit, political summit and multi-topic summit. It has played an important role in safeguarding the interests of western developed countries, and at the same time, it is objectively helpful to explore the cooperation between big countries and global governance mechanism under the background of globalization.

The Group of Seven has reached an agreement on the tax plan. The agreement includes agreeing to set the minimum tax rate of multinational companies at 15% nationwide. British Chancellor of the Exchequer Sunak said that this is a historic agreement, which can bring the global tax collection system into 2 1 century. This plan has a great impact on giant multinational companies such as Google and Amazon, and is expected to bring billions of dollars in tax revenue to relevant governments.