Estonia, Czechia Drop Opposition to Revised Minimum Tax Deal (1)

Estonia and Czechia will accept a renegotiated global minimum tax deal that would carve out US companies from key provisions of the agreement.

“We can confirm that the Czech Republic joined the consensus on the Side-by-Side Package as proposed by the Inclusive Framework’s co-chairs,” a spokesperson for the Czech finance ministry wrote in an email. “Thus, the treatment of non-refundable tax credits should stay as proposed in the current draft.”

The two countries agreed to drop their opposition on Thursday, according to people familiar with the matter. The Estonian finance ministry didn’t immediately respond to a request ...