World on brink of biggest tax reforms in a century

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World on brink of biggest tax reforms in a century

Britain and the rest of the world's largest nations are on the verge of agreeing to the biggest global tax reforms for a century, the UK's Daily Mail is reporting today (28 May). An agreement from the G7 group of nations - which also includes the US, Japan and Germany - could be reached as early as 4 June when finance ministers meet in London. The rate of corporation tax in the UK is 19% but this is set to rise to 25% by 2023. The countries are also expected to agree to keep business ta...