UK not convinced by Biden plan for 21% global minimum tax rate
Chancellor seeks flexibility to lower rates again, while a Treasury official said rates alone will not resolve international tax issues
The UK s finance minister Rishi Sunak and his team are concerned the coroporate tax rate championed by US president Joe Biden may be too high in the long term.
Sun, 16 May, 2021 - 16:52
Tim Ross and Eamon Quinn
British officials aren’t convinced by US president Joe Biden’s plan for a global minimum business tax rate of 21%, according to a person familiar with the matter.
UK Chancellor of the Exchequer Rishi Sunak and his team are concerned that the rate may be too high over the long term, even though the UK intends to raise corporation tax to 25% in 2023 to repair public finances after the pandemic.
Talking shop: The EU is all process, and no substance
The branding of the Conference on the Future of Europe stipulates that the EU has a future but nobody has the faintest idea what this conference will be or do
President of the European Commission Ursula von der Leyen (L) and president of the European Council Charles Michel at a special European Council summit in Brussels last year held to discuss the next long-term budget of the EU. Picture: Kenzo Tribouillard/AFP via Getty Images
Tue, 04 May, 2021 - 11:20
Andreas Kluth
One of the most devastating quotes about the European Union is a rhetorical question Henry Kissinger allegedly asked when he was US Secretary of State: “Who do I call when I want to speak to Europe?”
Daniel McConnell: Is it time for the mother goose State to let its citizens fly the nest?
Brussels wants vaccine passports to be operational across the EU by the end of June, with a view to allowing international travel to recommence in earnest
Under EU moves, the Government could be obliged to issue digital green certificates when they are requested by citizens for international travel. Picture: Steve Parsons/PA Wire
Sat, 17 Apr, 2021 - 10:30
On Wednesday, the weekly Cabinet meeting convened in a downbeat mood after 48 hours of chaos and setback in relation to the country’s vaccine rollout programme.
The decision of the National Immunisation Advisory Committee to advise not to give the AstraZeneca vaccine to anyone other than the 60-69 age group combined with the news that the Johnson & Johnson vaccine was being paused was a double hammer blow.