12/08/24

US: U.S. new proposal for global corporate tax level a step to a deal at G20 -EU

As published on: ca.news.yahoo.com, Monday 12 August, 2024. 

EU Tax Commissioner Gentiloni and Commission Vice President Dombrovskis speak on business taxation in the EU, in Brussels.

The latest U.S. proposal for a global corporate minimum tax of at least 15%, rather Than 21% as suggested before, is a step towards reaching a deal at the G20 financial leaders level, European Economics Commissioner Paolo Gentiloni said.

"It would be a step further on the way to reach an agreement," Gentiloni told a news conference after a meeting of euro zone finance ministers in Lisbon.

"And I deem it quite possible to reach ... an agreement in principle at the G20 Level. Then this agreement in principle should be translated into details and a lot of work to be done at the OECD level. So my view is a positive one," he said.

Tags

US Corporate tax G20 EU