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The UK chancellor’s supporters in the Tory party advocate low corporate taxes, so the G7 proposals put him in an awkward position
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Scooped by Graham Watson |
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Still more on the minimum global corporate tax deal, although I think that Phillip Inman gets this wrong - the proposal to agree a minimum corporate tax rate of 15% is currently lower than the current rate of corporation tax in the UK and below the original plan for 21%.
And remember, it's the outliers - the Irelands, the Cypruses and the Hungaries of this world, whose corporate tax rates are well below this, that may ultimately sink the whole proposal.