Businesses Want EU to Simplify Rules in Light of Global Tax Deal

The European Commission should leverage the global minimum tax deal as part of its tax simplification agenda, businesses advocated ahead of a Monday consultation deadline.

An OECD Inclusive Framework deal that taxes companies a minimum 15% corporate income tax wherever they operate offers the opportunity to remove duplicative and redundant tax reporting requirements for large multinationals, BMW, Unilever, and Germany’s business representative argued.

The commission’s tax simplification agenda, also referred to as the Tax Omnibus, is part of the EU’s effort to reduce businesses’ administrative burden by 25%, and by 35% for small businesses. The bloc is also planning ...