The UK has every reason to support the Biden administration's plan for a global minimum corporation tax, the paper argues, and for it to be set at a minumum rate of 21 per cent - higher than the 15 per cent reportedly being considered by the G7.
Agreement on this would prevent large multi-national companies unfairly shifting their profits to tax havens to avoid paying taxes on the same basis as smaller UK competitors.
If set at 21 per cent, the rate originally proposed by the US, it would raise £14.7 billion for the UK exchequer - more than would be required to fix the NHS funding shortfall. It would not increase taxes for other UK-based companies but would ensure they face a more level playing field with some of their largest competitors.
Social housing need of the hour amid homelessness crisisAt a time when the social housing waitlist is weighed down with hundreds of thousands of people, the Scottish government has planned to reduce approximately £200 million in investment in social housebuilding. This could be disastrous and…
Health leaders, charities, experts and campaigners urge Chancellor to take action on ‘concerning’ state of UK health to deliver prosperity at Spring BudgetLeading health voices have written to Chancellor Jeremy Hunt to urge him to deliver a bold strategy to transform UK health and deliver nationwide prosperity.
Snakes and ladders: Tackling precarity in social security and employment supportAcross the country, people are trying to make ends meet, build financial security and pursue their aspirations. But, in a vicious cycle of snakes and ladders, many are being pulled down into poverty.