EU finance ministers will call on G20 countries to finalize global corporate tax reforms that would hit international companies such as U.S. tech giants Google, Amazon and Apple, according to a document obtained by POLITICO.

The EU's “Terms of Reference,” drawn up by national treasury officials, will serve as the basis of the bloc's negotiating position at a gathering of ministers and central bank governors of the world's biggest economies at the end of the month in São Paulo, Brazil. The three-page document puts pressure on the U.S. administration to make good on its pledge to implement the reforms.

The initiative stands on two “pillars,” which G20 leaders rubberstamped in the fall of 2021. The first pillar introduces a global levy for the world’s 100 biggest companies. The second aims to set an international minimum corporate tax rate of 15 percent — already written into EU law.