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Re: President Joe Biden’s first 100 days in office
Quote:
Originally Posted by Pierre
The Biden administration want to impose a minimum “ global “ rate of corporation tax, the U.K. hasn’t signed up to the idea as yet. This is just pressure from sleepy Joe’s team to push Dishy Rishi into agreeing.
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As you know, Rishi is holding out (I hope he keeps to that) for US agreement on fair taxation of the digital companies.
By imposing a global minimum corporation tax, the US completely stuffs the countries in respect of their ability to compete for investment whilst at the same time leaving the UK with 4/5 of 5/8 of eff-all in respect of the digital companies.
I can see how Biden's proposal could level the playing field with the likes of Ireland - but the EU will likely be dealing with that anyway (under some Health/Safety Directive, of course). But then Biden says he's Irish. No friend at all and we need to stand up to him.
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Seph.
My advice is at your risk.
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