LONDON, Nov 15 (Reuters) - A British government led by the
Labour Party would tax multinational companies' global profits
based on their presence in Britain, the party's finance
spokesman said on Friday.
"So if a multinational has 10% of its sales, workforce, and
operations in the UK, they're asked to pay tax on 10% of their
global profits," John McDonnell said in a speech on Friday ahead
of the Dec. 12 national election.
(Reporting by Costas Pitas, writing by Andy Bruce, Editing by
Alistair Smout)