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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
EU agrees on landmark regulation to clean up crypto 'Wild West' cnbc.com /2 years ago
Global Corporate Tax: France says EU can bypass Hungarian veto euronews.com /2 years ago
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