EU Mulls Minimum Tax Law Revision to Ease Strain with US
Brussels, Belgium — The European Union is contemplating adjustments to its proposed minimum corporate tax rate strategy, aiming to soothe rising tensions with the United States. This development emanates from concerns that differing regulatory standards across the Atlantic could present serious challenges to multinational businesses and hinder transatlantic economic relations. The EU’s initial proposal is to set a minimum corporate tax rate of 15%, following the global tax agreement endorsed by the Organisation for Economic Cooperation and Development (OECD). This global pact, negotiated by nearly 140 countries, seeks to eliminate tax havens and ensure that … Read more