EU Reassured by U.K. Pledge to Keep Tax Policies Post-Brexit (1)

European Union policy makers are reassured by the tax agreement reached in the draft Brexit deal, under which the U.K. has pledged not to adopt tax policies that would undermine the EU single market.

The commitment puts to rest fears in Brussels that the U.K. could use unjust tax policies to compete with the EU following Brexit.

“The taxation annex in the withdrawal agreement is a very important commitment by the U.K. to ensure that the ongoing efforts to crack down on multinational tax avoidance continue,” said EU chief negotiator Michel Barnier at a Nov. 14 press conference.

“This ...