G7 ministers agree global tax reforms to crack down on big tech tax avoidance
Telegraph, 05 Jun 2021
Rishi Sunak has announced a crackdown on big tech tax avoidance after making a deal with the G7 finance ministers.
The reforms will mean that tech giants must pay a global minimum tax of at least 15pc to stop them shifting their profits to havens around the world.
The chancellor, speaking outside Lancaster House in London, said the tax overhaul was a "huge prize for British taxpayers – creating a fairer tax system for the 21st century".
Get the latest G7 updates here: https://www.telegraph.co.uk/g7-summit/
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#BigTech #TaxReforms #G7Summit
The reforms will mean that tech giants must pay a global minimum tax of at least 15pc to stop them shifting their profits to havens around the world.
The chancellor, speaking outside Lancaster House in London, said the tax overhaul was a "huge prize for British taxpayers – creating a fairer tax system for the 21st century".
Get the latest G7 updates here: https://www.telegraph.co.uk/g7-summit/
Subscribe to The Telegraph on YouTube ► https://bit.ly/3idrdLH
Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.
#BigTech #TaxReforms #G7Summit
