Today news
About the same in other media
EU Greenlights 15% Corporate Minimum Tax, Advancing Global Deal
Reading now: 742
wsj.comCountries in the European Union are set to start collecting additional taxes in 2024 under a long-stalled global deal to set a minimum rate on company profits, after Hungary and Poland dropped their objections to the move.
In October 2021, 137 countries agreed to impose a 15% minimum tax on large companies, paving the way for the most significant overhaul of international tax rules in a century. By imposing the tax in each jurisdiction where a company operates, large countries aim to reduce tax-rate competition and the advantages of operating in a low-tax locale. Getting to that point took years of negotiations that often seemed close to collapse.
Read more on wsj.comAbout this in other media
Exxon tries to block new EU windfall tax on oil companies euronews.com /1 year ago
Iran nuclear deal is 'dead', claims US President Joe Biden euronews.com /1 year ago
Auros Global expects to resume regular operations following restructuring plan cointelegraph.com /1 year ago
Show more
The website fvbb.com 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.
