UK wins financial services carve-out from new global tax rules – FT By Reuters
LONDON (Reuters) - Britain is set to secure an exemption for financial services from a new global tax system which was agreed by the Group of Seven economies to squeeze more money out of multinationals like Google (NASDAQ:GOOGL), the Financial Times said on Wednesday. Reuters had reported earlier this month that British finance minister Rishi Sunak was pushing for financial service firms to be exempt to help protect the City of London's largest banks from paying more tax. The FT said the Organisation for Economic Co-operation and Development, which is leading the reform of the...
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