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June 5, 2021
LONDON: Rishi Sunak has told world finance leaders that the world cannot “continue to rely on a tax system that was largely designed in the 1920s”.
Speaking at the first in-person G7 finance meeting since the start of the pandemic in London on Friday, the Chancellor said the world had “high expectations” for what could be agreed over the two-day summit.
And he said it was clear that taxation had to change in a “complex global digital economy”. Ahead of the meeting, Sunak said he was aiming to secure a “fair deal” on digital taxation during the meeting with ministers from the US, Japan, France, Canada, Germany and Italy at Lancaster House.