The European Commission in Brussels is sticking to a plan to force the European Union’s 28 members to introduce a minimum tax on businesses operating within their borders, Handelsblatt has learned.
The plans by the E.U.’s executive arm, while still vague, have been moved forward this week despite widespread opposition from a number of smaller E.U. countries that have long relied on tax deals with multinational companies to attract them to their shores. Handelsblatt first reported the plans on Tuesday.
The Commission’s goal is that effective taxes paid by a company should not fall below a certain level in the future, a senior European Union official told Handelsblatt, noting that this is why a minimum threshold value needs to be defined.