As per the Daily Telegraph
The Daily Telegraph is reporting that the UK will not back US Pres. Biden's push for a minimum global corporate tax of 15% unless the White House agrees to support the crackdown on global tech giants.
The report throws a monkey wrench in the Biden's administrations plans to normalize corporate tax rates globally.
The UK tax rate is currently 19% - above the 15% proposal. However, with the US at 21% now and Biden proposing 25% to 28%, the UK lawmakers are not in any hurry to back a US minimum rate - without something in return.
PS Irelands tax rate is even lower at 12.5%
