Europe’s global tax reform plans could be thwarted by Estonia, Poland, and Hungary
The EU had all but completed plans to introduce a global minimum corporate tax rate of 15%. The plan was to implement the global tax within 12 months. Now, three countries have thrown a wrench into the whole thing. Estonia, Poland, and Hungary’s finance ministers protested the move on Tuesday.
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Ireland wants a maximum of 15 percent corporate tax rate
The Irish Finance Minister wants a clear indication from the U.S. Congress before agreeing.
Ireland wants a proposed global minimum tax rate of 15 percent on corporate profits to be a ceiling, not a floor. Senior Irish officials told POLITICO that the Organization for Economic Cooperation and De... Read more
GSMA and Euro-telcos want exemption from crackdown on big tech
Telco lobby groups have argued for the exclusion of their members from the proposed global tax rules that aim to stop multinational corporations (big tech) from legally but cynically avoiding tax by conducting online activities in jurisdictions with lax tax laws.
The G7 approved a method to root... Read more