By swimming against the tide of sentiment on fairness, the island could become a pariah state Cyprus has dared to swim against the tide of sentiment running to all corners of the globe that multinational firms should pay a fairer share of tax.
The island nation’s threat to block EU officials from signing up to Joe Biden’s minimum 15% corporate tax way risks a backlash of greater force than the loss of a few hundred million euros in tax receipts should an agreement be signed.
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Source: theguardian.com