Bloomberg Tax
Jan. 22, 2020, 9:04 PM

EU Countries Push for Carve-Out in OECD Global Minimum Tax

Joe Kirwin
Joe Kirwin
Freelance Correspondent

Three European Union countries are asking for an exemption for some companies from the OECD-led effort to set a global minimum tax rate.

Estonia, the Czech Republic, and Poland are concerned about proposed rules that would require companies with a substantial business presence in a jurisdiction to pay at least a minimum effective tax rate, according to EU officials.

The call comes as the Organization for Economic Cooperation and Development is trying this year to get nearly 140 countries to agree to a plan to rewrite how the digital economy is taxed. The effort is driven by concerns that multinational ...

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