If Cyprus is intransigent on tax, the G7 should sign up themselves | Phillip Inman

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 plan risks a backlash of greater force than the loss of a few hundred million euros in tax receipts should an agreement be signed.