It aims to end a decades-long "race to the bottom" in which countries have competed to attract corporate giants with ultra-low tax rates and exemptions.
Asked whether he was tying his own hands by having a minimum rate, Sunak replied: "I think what the British public want to know is that the tax system is fair, they want to know that there is a level-playing field - whether people are operating in tax havens or whether large, particularly online businesses, are able to not pay tax in the right places, they want that tackled.
The US had said it wanted the UK, France and Italy to end their domestic digital services taxes if the deal was struck.Boy, 17, takes his own life after rugby mate died in construction site fallBreakingFarmer builds mouse INCINERATOR to save his crops from rodent plagueNO ONE IS SAFEThe Chancellor had told his counterparts that the digital giants should pay an appropriate level of tax where they operated so countries could raise revenue.
“Fair share”, just say “more”. Doesn’t need a G7 deal either
Will serial tax dodgers like Rupert Murdoch now have to start paying taxes on all the companies that he currently registers in tax havens?
I saw the State Debt rising Globally like never before. They filled their pockets and now they want to play according the rules with paying taxes. First i want my share after the attacks. Mvg✅
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