G7 summit: UK is badly conflicted between offshore tax havens and Biden's global tax drive
- Written by Atul K. Shah, Professor, Accounting and Finance, City, University of London
US and UK finance ministers Janet Yellen and Rishi Sunak at G7 meeting in London. EPAFor four decades, there has been a global race to the bottom on multinational tax, with Britain and its network of tax havens at the heart of it. Multinationals have seen tax as a cost rather than paying states their due share of revenues to provide public...