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UK to miss out on £600m in tax due to US exemption, says HMRC

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UK to miss out on £600m a year after allowing US exemption from landmark tax deal
The deal saw nearly 150 countries agree to a 15% global minimum tax to stop large global companies shifting profits to jurisdictions with lower taxes – but the US will be exempt
9 Jul, 23:06
Evening Standard
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UK to miss out on £600m in tax due to US exemption, says HMRC
It confirmed the expected tax reduction as part of scrutiny by Parliament’s Public Accounts Committee into tax paid by major multinational firms.
9 Jul, 23:01
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