EU Must Learn From US’ Global Tax Deal Reversal, Tax Pros Say

The global minimum tax might best be viewed as an “experiment” in international tax policy, and the EU should consider following the US in walking back its adoption, according to several tax professionals.

When the staunchest advocates of proposals like the minimum tax, such the US, turn their back on them, they might no longer be worthwhile, the professionals said during an EU advisory panel hearing Wednesday.

“It’s not the first time the US is promoting a big tax reform or changes of international taxation rules and then never applying it themselves, and I guess maybe there is a lesson ...