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G7 tax agreement: Chancellor Rishi Sunak 'seeks City of London exemption'


Rishi Sunak praised the historic agreement last week
THE UK Chancellor wants the City of London to be exempt from the G7 tax agreement reached with G7 finance leaders just days ago, it has emerged.
Rishi Sunak wants a deal specifically for financial services amid fears that banks with London head offices would be impacted by the change, the Financial Times reported.
Speaking at the weekend, Sunak said the “historic agreement” would lead to the biggest multinational tech companies having to pay their fair share of tax in the UK.
However an official close to the talks said the UK is now among the countries seeking an exemption for financial services. ....

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