Sunak’s call for City of London tax exemption proves Tories can’t abide by a deal
Rishi Sunak: after his boss Boris Johnson tried to backpedal on the Brexit trade deal, he’s trying to get out of the G7 tax deal. Pretty soon, nobody will want to deal with these Tories at all.
This is the Northern Ireland protocol of the Brexit trade deal all over again.
Boris Johnson merrily signed up to that without reading it because he wanted the UK out of the European Union by January 1 this year.
Now Rishi Sunak is trying to back the City of London out of a historic global tax change agreed by G7 finance ministers last weekend.
The aim is to ensure that the world’s top 100 businesses pay an appropriate amount of tax in the country where they base their operations, rather than moving their profits around to countries where they can pay the least.
Having agreed to it, Sunak is now trying to get an exemption – but only for the City of London, the super-rich business hub that has recently been losing business to Amsterdam because of – guess what? – Brexit.
He claims that he doesn’t want the UK’s banks to end up paying a grossly higher rate – but research suggests that this will not happen.
So the question arises: why does he really want an exemption? Is it to get all these juicy fat companies to pay their taxes in the UK, even if the amount is minimal?
And, topically:
Doesn’t this prove what we all believed after the Tories tried to back out of the Northern Ireland protocol – that they can’t be trusted to honour any deal so, fairly soon, nobody will want to deal with them?
Source: UK pushes for City of London to be exempt from G7 tax plan | G7 | The Guardian
Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.
Vox Political needs your help!
If you want to support this site
(but don’t want to give your money to advertisers)
you can make a one-off donation here:
Here are four ways to be sure you’re among the first to know what’s going on.
1) Register with us by clicking on ‘Subscribe’ (in the left margin). You can then receive notifications of every new article that is posted here.
2) Follow VP on Twitter @VoxPolitical
3) Like the Facebook page at https://www.facebook.com/VoxPolitical/
Join the Vox Political Facebook page.
4) You could even make Vox Political your homepage at http://voxpoliticalonline.com
And do share with your family and friends – so they don’t miss out!
If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!
Buy Vox Political books so we can continue
fighting for the facts.
The Livingstone Presumption is now available
in either print or eBook format here:
Health Warning: Government! is now available
in either print or eBook format here:
The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:
Oh dear me more letting of taxes don’t they get of with loads before they even pay disgusting the peasants pay why not them