UK’s Labour pushes for vote on U.S. minimum corporation tax plan

Britain’s main opposition Labour Party said it will push for a vote in parliament on Monday over support for U.S. plans to introduce a global minimum corporation tax rate.

The U.S. Treasury Department earlier this week said it would accept a floor of at least 15% during international negotiations, a rate significantly below its proposed 21% minimum for U.S. multinational firms.

The Biden administration’s proposed Global Intangible Low-Taxed Income tax…