Rachel Reeves has indicated she's going to clamp down on oil & energy firms international transfer pricing (used to move profits to low tax jurisdictions) to pay for a range of ameliorative measures to deal with the economic crisis caused by the US/Israeli attacks on Iran.
However, the OECD & UN have been working separately for years to find a way of constraining such profit shifting & as yet have largely failed.
Reeves may declare she can do this but it seems unlikely.
#politics
h/t FT
@ChrisMayLA6@zirk.us has moved
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2026-05-21 16:34:47 UTC
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