Corporate Tax

The UK welcomes progress in revising international corporate tax guidelines

Chancellor of the Exchequer Rishi Sunak gives his speech on the “Mansion House” at the Financial and Professional Services Address, formerly known as Bankers Dinner, at the Mansion House in London, Great Britain, July 1, 2021. Stefan Rousseau / Pool via REUTERS

LONDON, July 1 (Reuters) – UK Treasury Secretary Rishi Sunak welcomed the progress made in the Organization for Economic Cooperation and Development’s talks on the revision of global corporate tax rules and welcomed the continued momentum of the reform push. Continue reading

“I look forward to continuing discussions with our global partners in the coming months to finalize the details by October,” he said in a statement on Thursday.

Sunak chaired talks last month between the smaller Group of Seven Economies that resulted in an agreement to get more taxpayers’ money from multinationals like Amazon and Google in the countries where they operate.

Letter from William Schomberg; Adaptation by William James

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