POLITICS
Rishi Sunak targets tax agreement for digital firms at G7 finance summit

Chancellor Rishi Sunak is aiming to secure a “fair deal” on digital taxation as he welcome overseas ministers in London for the first in-person G7 finance meeting since the start of the pandemic.

Ministers from the US, Japan, France, Canada, Germany and Italy will attend the two-day meeting at Lancaster House in London, ahead of the leaders’ summit in Cornwall next weekend.

They will discuss measures to tackle climate change as well as efforts to secure an international agreement on how digital companies are taxed.

A member of the public walks passed G7 Summit signage erected outside the G7 media centre at the National Maritime Museum Cornwall, which is hosting the world’s media for the upcoming G7 Summit, on May 29, 2021 in Falmouth, England. (Photo by Hugh R Hastings/Getty Images)© Getty A member of the public walks passed G7 Summit signage erected outside the G7 media centre at the National Maritime Museum Cornwall, which is hosting the world’s media for the upcoming G7 Summit, on May 29, 2021 in Falmouth, England. (Photo by Hugh R Hastings/Getty Images)

Speaking ahead of the meeting, Mr Sunak said: “The G7 is a hugely important grouping and it’s an honour to be welcoming my counterparts to London with a renewed spirit of multilateral cooperation.

“Even before holding the G7 Presidency we’ve been clear on our priorities – protecting jobs, ensuring a green and global recovery and supporting the world’s most vulnerable countries.

“Securing a global agreement on digital taxation has also been a key priority this year – we want companies to pay the right amount of tax in the right place, and I hope we can reach a fair deal with our partners.

Britain's Chancellor of the Exchequer Rishi Sunak meets with International Monetary Fund (IMF) Managing Director Kristalina Georgieva (not picuted), on the eve of the G7 Finance Ministers meeting, on June 3, 2021 in London, England. (Photo by Hannah McKay-Pool/Getty Images)© Getty Britain’s Chancellor of the Exchequer Rishi Sunak meets with International Monetary Fund (IMF) Managing Director Kristalina Georgieva (not picuted), on the eve of the G7 Finance Ministers meeting, on June 3, 2021 in London, England. (Photo by Hannah McKay-Pool/Getty Images)

“I’m determined we work together and unite to tackle the world’s most pressing economic challenges – and I’m hugely optimistic that we will deliver some concrete outcomes this weekend.

“Together we can make a real change and help steer the international community through the next stage of our recovery.”

Source: Standard.co.uk

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