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Global Minimum Tax Suffers Fresh Setback as EU Fails to Agree on Implementation
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wsj.comA global deal to introduce a minimum tax rate on company profits hit a fresh roadblock Friday after Hungary vetoed a European Union agreement to implement the measure, which is also stalled in the U.S.
The deal to impose a 15% minimum tax on the profits of large corporations was agreed by 137 countries in 2021, paving the way for the most significant overhaul of international tax rules in a century. Governments had hoped to implement the changes next year, but mounting opposition in Europe and the U.S. means that target now seems out of reach.
Read more on wsj.comAbout this in other media
Global Corporate Tax: France says EU can bypass Hungarian veto euronews.com /2 years ago
The Fed has been clear, but the economy still isn't ready for the big rate hikes ahead, Wells Fargo CEO says cnbc.com /2 years ago
Boris Johnson suffers two special election defeats, party chairman quits euronews.com /2 years ago
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