“Based on the communique, Amazon is not captured,” said Paul Monaghan of the Fair Tax Foundation. Our economics correspondent says the deal is as much about power as tax reform. The plea comes as Johnson faces a rebellion from dozens of his MPs over cuts to the foreign aid budget. The papersPhotograph: The GuardianThe Guardian lead is an exclusive on the G7 tax agreement, “Global deal may let ⁦Amazon off hook on tax, say experts”, and the FT’s main story is “Chip shortage to last another year at least, warns key manufacturer”. Sign upSubscribe to the Guardian morning briefingThe Guardian morning briefing is delivered to thousands of inboxes bright and early every weekday.

Source: The Guardian June 07, 2021 05:15 UTC