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Jesse Norman: G7 agreement on tax a vital breakthrough

Jesse Norman, the Financial Secretary to the Treasury, writes in City A.M. on the importance of the G7 global tax agreement outlining how its announcement comes after years of leadership on the issue by the UK. He says it was a “vital breakthrough in the fair and effective taxation of multinationals” and he berates Labour politicians in particular for playing down the achievement. Norman concludes: “While there are still plenty of details to be fleshed out, there has been a wide-range of support for the agreements made, ranging from the CBI to Silicon Valley. But we should not underestimate the historical weight of what was agreed earlier this month, and what we will continue to take forward at the G20 in July.”

City A.M.

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