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“That would have raised £131 million extra a week for our public services.”
However, social media users were quick to slap down his negative reaction and pointed to his previous “flip-flopping” on corporation tax.
One person said: “Problem is Keir you flipped-flopped on corp tax in February, undermining Labour’s message on taxation…”
Keir Starmer has attempted to trash Rishi Sunak’s global tax deal
Sir Keir accused the Tories of watering down their demands
A second wrote: “You were against tax increases for corporations in this country so what’s the plan here?”
And yet a third said: “Hang on a minute. I thought you opposed any increase in corporation tax. When did you change your mind?”
A fourth person wrote: “Seen the polls? You’re on the wrong side again.”
Another man welcomed the Government’s deal, calling it a “big step forward” for Britain.
The Chancellor hailed his deal as a tax win
He continued: “To view in purely UK terms is narrow and misleading.
“To be really effective the agreement needs to be sold to other countries outside G7.
“If the tax rate is too high it is harder to sell it to them. Thus, 15 percent looks quite sensible.”
And another critic who admitted he does not vote Conservative said Sir Keir’s reaction was inaccurate.
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Sir Keir failed to praise the UK’s win on global corporation tax
Rishi Sunak chaired a meeting with his fellow G7 finance ministers
He said watering down a demand is simply not the same as it being “compromised as part of a global negotiation in order to come to an agreement which will have a positive benefit to the UK and the world”.
He added: “I’m no fan of the Tories but important to call things out for what they are.”
In February, ahead of the Budget, Sir Keir called on the Prime Minister to rule out a rise in corporation tax.
The Labour leader put a clear marker down by opposing the measure, despite standing on a manifesto of increasing corporation tax and income tax in the 2019 election.
Keir Starmer on Brexit
His stance on global corporation tax is somewhat different.
Last month MPs voted down Labour’s bid for a minimum rate of corporation tax to apply across the world.
The latest landmark deal will enable governments to squeeze more money out of multinational companies such as Amazon and Google and reduce their incentive to shift profits to low-tax offshore havens.
Facebook said it expected it would have to pay more tax, in more countries, as a result of the deal.
Rishi Sunak at the G7 meeting in London
The sealing of the pact comes after eight years of talks that gained fresh impetus in recent months following proposals from US President Joe Biden’s new administration.
After chairing a two-day meeting with his G7 counterparts, Mr Sunak said: “G7 finance ministers have reached a historic agreement to reform the global tax system to make it fit for the global digital age.
American Treasury Secretary Janet Yellen said the “significant, unprecedented commitment” would end what she called a race to the bottom on global taxation.
And Germany’s finance minister Olaf Scholz said the deal was “bad news for tax havens around the world”.