Today news
About the same in other media
EU to combat taxation ‘race to the bottom’ with 15% rate for corporations
Reading now: 992
theguardian.comThe EU has taken a first step in setting a 15% minimum corporate tax for multinationals, in line with a global agreement struck earlier this year, as the White House has hit a hurdle in its efforts to turn the pact into law.
Announcing the launch of a new EU tax directive, Paolo Gentiloni, commissioner for the economy, said he expected the 27 member states to agree on the fine details within six months despite concerns held in some European capitals.
The draft directive, which sets an effective corporate tax rate of 15% for multinationals and other large businesses with a turnover in excess of €750m, enacts an agreement signed by 136 countries and jurisdictions earlier this year.
US president Joe Biden drove that agreement forward among
Read more on theguardian.comAbout this in other media
Bukele Teases Further Bitcoin Developments in Year Ahead for El Salvador cryptonews.com /2 years ago
COVID: British EU residents scramble to get home after being told they can't drive through France euronews.com /2 years ago
Pomp tells CNBC there's no need to apologize for Bitcoin's energy use cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
