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Europeans Are Optimistic About Global Tax Agreement by June (1)

April 6, 2021, 1:57 PM

European Union officials are looking to wrap up a global agreement to harmonize corporate taxes and impose more effective levies on internet giants by the end of June following an appeal from the U.S.

Treasury Secretary Janet Yellen’s call for a global minimum tax rate for companies was warmly received. Paolo Gentiloni, the EU commissioner for economic affairs, raised the prospect of a breakthrough by the summer and German Finance Minister Olaf Scholz called the proposal “a breakthrough.”

“I’m optimistic that we can end this race to the bottom on corporate-tax activity,” Scholz told reporters on Tuesday ahead ...

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