EU Should Reassess Minimum Tax If Needed, Business Group Says

The EU should revisit its minimum tax law “to ensure it remains a reasonable and proportionate way forward” for European businesses, said BusinessEurope, a trade association representing Europe’s industry.

The group published a position paper Tuesday that advocated for tax measures including extending reporting exemptions under the EU’s minimum tax law, simplifying the EU’s tax code and pursuing a “pro-investment tax framework to safeguard competitiveness.” BusinessEurope represents 42 national business federations from 36 countries.

“Global acceptance of the G7 Statement remains an immediate priority,” the group wrote, referring to a joint statement by the Group of 7 countries that envisaged ...