Home Business news Sunak under pressure to back Biden’s global corporation tax plan

Sunak under pressure to back Biden’s global corporation tax plan

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Labour expected to trigger Commons vote to force UK government to support proposal

Rishi Sunak is facing growing pressure to support US proposals for a global minimum rate of corporation tax in the run-up to the UK hosting a pivotal meeting between G7 leaders in Cornwall next month.

Labour is expected to trigger a Commons vote on Monday designed to force the UK government to back the plan put forward by the US president, Joe Biden, which is being negotiated between more than 130 nations with the hope of securing an agreement this autumn.

Continue reading…Labour expected to trigger Commons vote to force UK government to support proposalRishi Sunak is facing growing pressure to support US proposals for a global minimum rate of corporation tax in the run-up to the UK hosting a pivotal meeting between G7 leaders in Cornwall next month.Labour is expected to trigger a Commons vote on Monday designed to force the UK government to back the plan put forward by the US president, Joe Biden, which is being negotiated between more than 130 nations with the hope of securing an agreement this autumn. Continue reading…