EU gives support to US proposal on corporate tax hike

European Commission spokesman Dan Ferrie announced on Tuesday that Brussels would back the United States initiative to impose a global minimum corporate tax.

“We remain committed to ensuring that all businesses, including digital ones, pay their fair share of tax, where it is rightfully due,” Ferrie told reporters at a press briefing, noting that the discussion should be held within the Organisation for Economic Cooperation and Development (OECD).

US Treasury Secretary Janet Yellen (pictured) yesterday called for the implementation of a worldwide minimum corporate tax rate of 21% to discourage companies from moving offshore.



Breaking the News / ND



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