Label Global Tax Rate Rebels as ‘Harmful,’ EU Lawmakers Urge (2)

Logo: Bloomberg Law

By Stephen Gardner

An influential EU panel has suggested using a mechanism designed to combat harmful tax practices to push EU member states into accepting a global minimum tax rate. Over 130 countries have agreed on a global minimum tax rate of “at least 15%" but four EU countries—Cyprus, Estonia, Hungary, and Ireland—have not signed up to the agreement, which was negotiated through the Organization for Economic Cooperation and Development. 

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By Stephen Gardner, posted on Wednesday July 14, 2021
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