Three ways to make Biden's global tax rate work for Britain

Joe Biden wants to set the corporation tax rate for the world. Britain should accept this, says Matthew Lynn – and game the system.

Joe Biden
Joe Biden: grandad gets radical
(Image credit: © BRENDAN SMIALOWSKI/AFP via Getty Images))

Joe Biden may have campaigned as a sleepy grandfather, but in office he is turning into the most radical American president since Ronald Reagan, except from the other side of the political spectrum. Alongside a massive stimulus programme, a reversal of Donald Trump’s tax cuts, an industrial strategy designed to wean the country off fossil fuels and a massive infrastructure bonanza, his team now plans to rewrite global tax rules.

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Matthew Lynn

Matthew Lynn is a columnist for Bloomberg, and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years. 

He has written books on finance and financial topics, including Bust: Greece, The Euro and The Sovereign Debt Crisis and The Long Depression: The Slump of 2008 to 2031. Matthew is also the author of the Death Force series of military thrillers and the founder of Lume Books, an independent publisher.