International tax reform was on the agenda of the EU finance ministers’ videoconference meeting on Tuesday 1 December. While the election of Joe Biden as US President gives them hope that OECD negotiations can be unblocked, the EU Member States also want to ensure that the European Commission is ready to propose a European solution in the event of failure.
The discussion in the Ecofin Council took place on the basis of specific conclusions approved at the end of November. These confirm