(Adds comment)
By Thyagaraju Adinarayan
LONDON, June 7 (Reuters) - Shares in U.S. technology giants
were down slightly in premarket trading after the world's
richest nations agreed on a landmark global minimum corporate
tax deal.
The Group of Seven (G7) advanced economies agreed on
Saturday to back a minimum global corporate tax rate of at least
15%.
Shares of Facebook, Amazon.com, Apple
, Microsoft and Google-parent Alphabet were all
down between 0.1% and 0.5%. Europe's tech stocks index
was down 0.2% in early trades.
"...the immediate market implications are likely to be
minimal," said Ian Williams, economics & strategy research
analyst at Peel Hunt.
"No G7 nation currently charges that low a rate and the
details, including agreement from numerous smaller countries,
require plenty of work."
The focus now shifts to the G20 countries for a wider
agreement on the new tax proposals.
The G7's proposals are seen targeting technology companies
that sell services remotely and attribute much of their profits
to intellectual properly held in low-tax jurisdictions.
(Reporting by Thyagaraju Adinarayan and Sagarika Jaisinghani
Editing by Rachel Armstrong, William Maclean)