‘We understand why an agreement on global corporation tax is important for our American friends,’ Sunak says. Yet his supporters praise his intelligence, judgment and work ethic, and point to the loyalty he engenders among his staff‘We need them to understand why fair taxation of tech companies is important to us. ‘Fundamentally, the global tax system isn’t working... that’s not fair and that’s something that I want to fix,’ he adds. ‘Large multinational companies, particularly digital companies, are able by the nature of their businesses not to pay the right tax in the right places. Even large tech companies – Facebook being an example and others I have spoken to – are keen to have a resolution on this issue.

Source: Daily Mail May 29, 2021 21:06 UTC