EU minimum tax

Today, EU finance ministers again failed to agree on an EU minimum tax for multinational companies. This follows a deal struck at the international level to implement a global minimum tax. 

Today, the European Parliament voted through a non-binding report on the European Commission’s proposal to implement the deal on a global minimum tax at the EU level. EU Finance Ministers are expected to vote on a final agreement next Tuesday, 24 May. 

After months of deadlock, EU countries reached an agreement on a low-rate minimum tax for multinational profits at the EU level. This follows a deal struck at the international level to implement a global minimum tax.