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UK finance minister Kwarteng says setting tax is important to sovereignty

UK finance minister Kwarteng says setting tax is important to sovereignty By Reuters

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Economy 5 minutes ago (Oct 04, 2022 18:56)

© Reuters. FILE PHOTO: British Chancellor of the Exchequer Kwasi Kwarteng walks outside a hotel, as Britain’s Conservative Party’s annual conference continues, in Birmingham, Britain, October 4, 2022. REUTERS/Toby Melville

BIRMINGHAM, England (Reuters) – British finance minister Kwasi Kwarteng said on Tuesday he believed that setting tax rates was an important mark of sovereignty when asked about OECD moves towards global minimum tax rates or G7 standards.

“We are always open but setting tax is an important mark of sovereignty,” Kwarteng said when asked about OECD (Organisation for Economic Co-operation and Development) or G7 standards.

UK finance minister Kwarteng says setting tax is important to sovereignty

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