Reuters details how big countries’ tax deal to reveal rift in Europe
In an in-depth analysis, Reuters detailed how a global deal on corporate tax looks set to bring to a climax […] The post Reuters details how big countries’ tax deal to reveal rift in Europe appeared first on Reuters News Agency.
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In an in-depth analysis, Reuters detailed how a global deal on corporate tax looks set to bring to a climax a deep-seated European Union battle, pitting large members Germany, France and Italy against Ireland, Luxembourg and the Netherlands. Although the smaller EU partners at the center of a years-long struggle over their favorable tax regimes, welcomed the Group of Seven deal on June 5. for a minimum corporate rate of at least 15%, some critics predict trouble implementing it. The European Commission, the EU’s executive, has long struggled to get agreement within the bloc on a common approach to taxation, a freedom which has been jealously guarded by all its 27 members, both large and small.
The post Reuters details how big countries’ tax deal to reveal rift in Europe appeared first on Reuters News Agency.
