Corporate tax experts have warned that “special pleading” from countries to exclude industries from the G7-backed deal on corporate taxes risks derailing a final accord as technical talks intensify.
The compromise struck at the G7 last weekend papered over the remaining differences between countries over the outline of a deal. However, the UK’s lobbying efforts to exempt financial services has underlined the threat to other parts of the agreement, even if London has valid reasons for its request.
The question of where the largest multinationals pay corporate tax is the most difficult part of the proposal.
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