Corporate Tax

Sunak says a world corporate tax deal is at hand

According to Rishi Sunak, the UK’s Chancellor of the Exchequer, an international agreement to agree new rules on corporate taxation is at hand and offers the prospect of new clarity for companies operating digitally across borders.

“Digitization has brought tremendous benefits to consumers and businesses, but it also highlights the fact that the current international tax framework is simply not fit for purpose,” Sunak said at a Bloomberg event on Tuesday, along with his Italian counterpart Daniele Franco, when he elaborated on his ambitions set out for a groundbreaking deal. “This solution is within our reach and I think that’s positive.”

With the UK and Italy hosting the group …

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