President Joe Biden and First Lady Jill Biden greeted G7 leaders on the beach in Cornwall on Friday for the official start of the summit to rebuild relations “weakened” during President Donald Trump’s four years.
Biden put his arm around French President Emmanuel Macron after he joked with British Prime Minister Boris Johnson.
At the summit, leaders will pledge 1 billion injections of the COVID vaccine for the world, support a global corporate tax rate of 15 percent and attack Big Tech with a new tax.
Of those billion shots, half come from the United States and 100 million from the UK
British Prime Minister Boris Johnson (center) holds up his hands as G7 leaders pose for the family photo on Friday. He is accompanied (from left to right) by Canadian Prime Minister Justin Trudeau, President of the European Council Charles Michel, President Joe Biden, Japanese Prime Minister Yoshihide Suga, Italian Prime Minister Mario Draghi, French President Emmanuel Macron, President of the European Commission Ursula von der Leyen and German Chancellor Angela Merkel
British Prime Minister Boris Johnson (center left), his wife Carrie Johnson (left) and President Joe Biden (center right) and First Lady Jill Biden (right) arrive at the G7 on Friday to take the so-called family photo
British Prime Minister (center right) Boris Johnson punches First Lady Jill Biden (center left) as their husbands watch the opening salute at Friday’s G7 summit in Cornwall
President Joe Biden (left) walks hand-in-hand with First Lady Jill Biden (right) as they arrive for the official start of the G7 summit
President Joe Biden (left) walks alongside French President Emmanuel Macron (right)
British Prime Minister Boris Johnson (right) and German Chancellor Angela Merkel (second from right) led the group of world leaders to the beach scene where they would take this year’s G7 family photo
President Joe Biden checks his watch as he arrives Friday for the start of the G7
“We are going to help the world get out of this pandemic by working with our global partners,” Biden said on Thursday, adding that the G7 countries would join the US in setting out their pledges to donate vaccines during the three-day summit. The G-7 also includes Canada, France, Germany, Italy and Japan.
The leaders gathered for opening greetings and a remote family photo before turning to a session sessie ‘Better rebuilding from COVID-19.’
The world leaders of the seven industrialized nations will also support an agreement previously made by their finance ministers on the global minimum corporate tax rate.
The update to international tax law aims to end global competition that has led some countries to cut corporate taxes much lower than others to lure multinational corporations to their shores.
It’s a big win for the Biden administration, which has proposed the global minimum tax as a way to pay for infrastructure projects. Biden wants to raise corporate taxes in the US and a global minimum will help combat fears that his move could move jobs abroad.
The leaders will also announce a plan to replace Digital Services Taxes, which targeted the largest U.S. tech companies — such as Amazon, Apple, Facebook and Google — with a new tax plan tied to the places where multinationals actually do business, rather than from where they have their headquarters.
President Joe Biden and G7 leaders will pledge 1 billion shots of the COVID vaccine for the world, support a global corporate tax rate of 15 percent and target Big Tech for a new tax when the summit begins
Big Tech critics say the big multinationals often avoid or minimize taxes by shifting profits and taking advantage of investment credits offered by governments
Later, the leaders will meet Queen Elizabeth II and other members of the royal family at the Eden Project, a lavish, domed ecotourism site built in a former quarry.
Prince Charles, Duchess of Cornwall, Prince William and Kate, Duchess of Cambridge will join the leaders of the G7 at the reception.
World leaders from the G7 countries arrived in Britain on Thursday.
Canadian Prime Minister Justin Trudeau arrived at Cornwall Airport in Newquay wearing a face mask and waved from the exit of his jet next to his country’s coat of arms and maple leaf flag.
European Council President Charles Michel also arrived at the airport ahead of the G7 meeting on 10 June, and was met by a number of British soldiers, sailors and airmen.
Japanese Prime Minister Yoshihide Suga and his wife Mariko Suga arrived in Newquay early this morning. A typical flight from his country to Great Britain takes about 12 hours.
Prime Minister Johnson will host leaders from the US, Japan, Germany, France, Italy and Canada at the G7 summit to be held today in Carbis Bay, Cornwall.
Britain has invited Australia, India, South Africa and South Korea to attend the leaders’ summit as host countries – as well as the EU, amid trade tensions with the bloc.
Canadian Prime Minister Justin Trudeau arrives at Cornwall airport in Newquay, UK, June 10 ahead of the G7 summit
European Council President Charles Michel (C) arrives in Newquay ahead of the G7 meeting at Cornwall Airport on 10 June 2021
President of the European Council, Charles Michel (centre) is welcomed on his arrival at Cornwall Airport Newquay ahead of the G7 summit, 10 June
Japanese Prime Minister Yoshihide Suga and his wife Mariko Suga arrive at Newquay Airport in Newquay on June 11, 2021
Joe Biden, pictured yesterday with Boris Johnson, has emphasized that the world’s democracies must stand together as he arrived in the UK on his first foreign trip as US president.