Well played, Rishi! Sunak's historic £10bn tax masterstroke 'impossible' without Brexit
RISHI Sunak's corporate tax deal will deliver a £10billion boost to the UK's economy every year, and it would never have happened without leaving the EU, a UK-based Brexiteer has said.
By CIARAN MCGRATHThe Chancellor hailed the ”historic agreement”, struck after a meeting of G7 finance ministers, earlier this month, with countries committing to a global minimum corporate tax of at least 15 percent on a country by country basis. Tax consultant Bob Lyddon said the UK’s newfound freedom outside of the bloc had enabled it to forge an alliance with the United States - and President Joe Biden - which would have been unthinkable if it had not quit the EU.Mr Lyddon said the deal offered a mechanism that would enable the UK to recoup large sums of revenue from tech giants which have enormous operations in the UK but are based for tax purposes in Ireland and Luxembourg. Express.
He told Express.co.uk: “It was a major financial issue for the UK while we were inside the EU.
“It costs HMRC at least £10billion pounds per annum. That's more than the net membership fee of being in the EU. Express.
