EU Pressing U.S. for Details on Tax Plan Capturing 100 Companies

Logo: Bloomberg Law

By Isabel Gottlieb

Countries need more details before they can decide whether to back a U.S. proposal to shape international talks on digital taxation, a European Union official said Thursday. The Biden administration has proposed a way around a major roadblock in the OECD-led negotiations—an inability to agree on which companies should be subject to the rules. The U.S. plan calls for using what the White House says are simple, objective criteria to determine which corporations are affected. It comes at a critical moment as 139 countries—including the majority of EU members—try to reach agreement on a deal this summer. 

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By Isabel Gottlieb, posted on Thursday April 29, 2021

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