The European Union is considering changing the minimum corporate taxes
Brussels, April 26 / WAM / The European Union plans to study potential changes in the minimum corporate profit tax of 15% in an attempt to calm tensions with the United States.
International markets are awaiting what the European Union officials will lead during their upcoming meeting next Tuesday, from adopting options that can significantly change the way the law of this tax is applied, in the context of European efforts to appease US President Donald Trump, who opposes the application of this tax to his country’s companies.
In a related context, the European Commission seeks to address parts of the law criticized by the United States, and suggests options that include changing the way to deal with US tax exemptions to ensure that American companies are not subject to the minimum tax limit imposed by the European Union, which limits its ability to impose taxes on them.
It is noteworthy that the European Union has started to implement the minimum tax less than two years ago, as a 15% tax is imposed on companies ’profits in various member states as part of an international agreement signed by more than 140 countries, including the United States at that time.
The Trump administration has described the minimum tax law in the European Union as a commercial obstacle to American companies, and threatened to take potential retaliatory measures, to respond to the European Union by refusing to suspend its work in the law, but it expressed its willingness to negotiate it.
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