EU greenlights only half of global tax deal rebeccawire
EU flags flutter outside the European Commission headquarters in Brussels, Belgium, August 21, 2020. REUTERS/Yves Hermanon the global minimum tax, half of an almost 140-nation pact to clamp down on global tax avoidance. Hungary finally dropped its veto this week, only for Poland to provide last-minute drama before finally allowing the EU to proceed. Whack-a-mole objections have become EU routine on tax matters, which require the unanimity of the 27 member states.
The other half of the global deal, struck under the Organisation for Economic Co-operation and Development auspices in 2021, concerned big digital services companies. The aim was to make tech giants like Google, Microsoft
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