Minimum Tax Changes Applicable After Year-End Deadline, EU Says

EU countries will be able to selectively apply changes to the minimum tax law before revising their domestic law, according to a senior European Commission official.

EU countries can “park the implementation” of the law concerning US companies if there is a notification from the EU that changes will be made, said Benjamin Angel, the leading direct tax official at the commission.

“Union law does produce direct effect when it’s clear enough,” Benjamin said at the Irish Tax Institute’s Global Tax Policy Conference in Dublin on Thursday.

EU countries are among many renegotiating the terms of the global minimum ...