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Europe Daily Bulletin No. 12768

24 July 2021
Contents Publication in full By article 15 / 26
ECONOMY - FINANCE - BUSINESS / Taxation
European Tax Observatory examines impact of proposed exemptions from global minimum tax on companies
Brussels, 23/07/2021 (Agence Europe)

The European Tax Observatory has examined the impact of substance exemptions (called ‘carve-outs’) from a global minimum tax on business. In a note published on Wednesday 21 July, it expressed concern about the significant reduction in revenue that these carve-outs would generate, but also about the fact that they would allow some companies to avoid paying tax.

The Joint Declaration on international tax reform, signed by 132 countries (see EUROPE B12753A1), provides for a minimum tax...

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SECTORAL POLICIES
INSTITUTIONAL
EU RESPONSE TO COVID-19
ECONOMY - FINANCE - BUSINESS
NEWS BRIEFS
CALENDAR