That makes plenty of sense, but it opens the system up to abuse since, in an era where companies bestride the globe and where different jurisdictions compete for the lowest tax rates, it has allowed many companies to shift profits to reduce their tax bills.There have been countless stories in recent years of major corporations paying disproportionately low levels of tax, since they can shift profits to tax havens and low tax countries.
The UK has been somewhat more reluctant, though it says its reluctance is primarily because it is concerned that the US will push ahead with the global minimum rate without addressing pillar one - the need to reshape the calculation of taxes. Treasury sources say that allowing this to happen would advantage US companies at the expense of everyone else.
Tax Corbyn more, he's a multi millionaire.
Ministers want to give the big companies the tax relief. This is because they get big funding from those companies to support their agenda to keep the wealth away from the poorest.
I saw several people testifying of making so much money with the help of LISAMARKDONALDT on Bitcoin option trade and I decided to give a try and now I'm glad now she helped me and my colleagues to make $5000 in one week, thank you for transparency and trust.