Rachel Reeves – 2021 Comments on G7 Deal on Multinational Taxation

The comments made by Rachel Reeves, the Shadow Chancellor of the Exchequer, on 5 June 2021.

It’s encouraging to see these first moves towards a global pact on tax avoidance.

But this government has spent the last few weeks actively watering down what was initially intended to be an ambitious 21% rate of global minimum corporate tax.

That would have brought £131 million extra a week to Britain for our NHS and other public services, while also stopping our high streets being aggressively undercut.

This government must now show leadership, push for a 21% rate in negotiations, and use the money to fund our schools and our NHS.