The G7 corporation tax proposal is misguided - and will hinder British competitiveness
A better solution would be to merge all taxes on capital into a new, single levy on all cash flows as they leave corporate structures.
5 June 2021 • 10:00pm
The world is in desperate need of tax reform, but the G7 agreement signed by Rishi Sunak creates more problems than it solves. It will be almost universally hailed as a triumph: in reality it is, on balance, a flawed deal that could hamper Britain’s long-term ability to compete and would cartelise the global economy at a time when electorates, post-Brexit, want to take back control.