Sunak: ‘World cannot rely on 1920s tax system’

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  • Sky News published this video item, entitled “Sunak: ‘World cannot rely on 1920s tax system'” – below is their description.

    The Chancellor has told the G7 summit that he is confident the issue of taxes on tech giants would be resolved at this weekend’s meeting.

    The comments came as ministers from the Group of Seven (G7) industrialised economies met in London for the first such face-to-face summit since the onset of COVID-19 over a year ago.

    The plan would help combat profit shifting, where companies – including tech giants and multinational brands – can shift profits to low tax jurisdictions.

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