Joe Biden’s minimum global corporate tax rate – down from 21% to 15% – is within reach. Blocking it will not look good
A year ago the prospect of a global minimum tax on corporate profits was considered a fantasy. Donald Trump was in the White House and the word cooperation was not in his vocabulary. In just under a fortnight, the G7 will meet in Cornwall and the words co-ordination and cooperation are set to be heard frequently.
The UK says it is pushing hard for a tax deal that would prevent the big tech companies from playing countries off against each other and squirrelling their profits away in low-tax havens.
