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9 Jun 7:35am

UK pushes for City of London to be exempt from G7 tax plan

The Guardian
Chancellor seeks carve-out for financial services in ‘historic’ global corporation tax agreement Britain will seek to exclude the City of London’s financial services companies from a global tax overhaul targeting the world’s most profitable businesses agreed between G7 finance ministers last weekend. The chancellor, Rishi Sunak, is concerned that under a version of the plan put forward by the US president – which involves redistributing the profits of the world’s 100 largest businesses –
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