Sunak: 'World cannot rely on 1920s tax system'
June 4, 2021
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2:27Now PlayingSunak: 'World cannot rely on 1920s tax system'
YouTube Description
as posted by the channelThe Chancellor has told the G7 summit that he is confident the issue of taxes on tech giants would be resolved at this weekend's meeting.
It comes after ministers from the Group of Seven (G7) industrialised economies met in London for the first face to face summit since the onset of Covid-19 over a year ago.
The plan would help combat profit shifting, where companies - including tech giants and multinational brands - can shift profits to low tax jurisdictions.
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