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EU Wants To Tackle Minimum Tax Administrative Cost Concerns

Jan. 14, 2022, 2:10 PM

European Union countries hope to agree on rules to implement a minimum corporate tax for large companies by spring, a top official working on the issue said.

There is “clearly a shared sense of urgency” among EU countries to agree an implementation rule that would be in place by 2023, when OECD rules on the 15% minimum tax rate for large multinationals begin to kick in, said Benjamin Angel, director for direct taxation in the European Commission, the EU’s executive, speaking at a seminar Friday.

None of the 27 EU countries, which must agree unanimously on the implementation rule, have ...

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