Labour: Global giants must chip in £131m a week in tax morningstaronline.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstaronline.co.uk Daily Mail and Mail on Sunday newspapers.
IPPR: UK must back Biden tax proposal and fix “appalling” system
The proposals could raise nearly £15bn in extra tax revenue for the UK by Sam Alberti - June 3, 2021
The Institute for Public Policy Research (IPPR) has urged the UK to adopt US proposals for a new global minimum corporation tax rate of 21 percent, arguing that it could close an unfair loophole and “raise vital revenue” for public services.
The recommendations were made in a report published ahead of the 2021 G7 summit in June. The UK is expected to pledge its support for the proposals during the meeting, joining the other six members of the G7 in doing so.