Corporate Tax

UK ministers will not push again Biden Push for Company Tax: Telegraph

UK ministers are refusing to support a global corporate tax overhaul advocated by US President Joe Biden unless the US supports their calls to crack down on tech companies, the Telegraph reports, citing unidentified individuals.

  • The UK hasn’t said it supports the proposal because the government is pushing for specific rules targeting Silicon Valley companies like Google, sources told Telegraph.
  • “For the Chancellor, it is a priority to reach an international agreement on how large digital companies are taxed. We welcome the US’s renewed commitment to solving the problem and agree that minimum taxes could help …

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