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Monday, June 14, 2021

UK Chancellor Sunak says US global tax plan could work

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Sunak spoke with Reuters ahead of the June 4 / 5 G7 inance ministers meeting 

  • said a U.S. proposal to focus on the world’s 100 biggest and most profitable firms as part of a global tax deal could work
  • insisted that big tech firms must pay more tax in countries where they operate
  • said the G7 was was making “really good progress” on reform 

Do note however, he also said:

  • “We just need to work through the details”

Well, yeah. That’s where these big picture agreements often break down despite all the happy noises made beforehand. 

Sunak spoke with Reuters ahead of the June 4 / 5 G7 inance ministers meeting 

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