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Estonia Scoffs at Speed of Global Tax Pact Implementation

Dec. 23, 2021, 12:51 PM

Estonia warned the EU’s plan to implement a newly agreed 15% global minimum tax rate by 2023 is “nearly impossible” given the complexity of the undertaking.

The European Commission on Wednesday rolled out a draft directive outlining how it wants the bloc’s 27 member countries to change their domestic laws to implement the 15% rate—part of a deal struck in October to revamp global tax rules. The OECD-led deal set a 2023 deadline to implement the agreement, and the commission said it hopes to reach bloc-level agreement on the directive by the end of June 2022.

  • “We have just ...