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European Trio Cast Dissatisfied Shadow Over Global Tax Accord

July 2, 2021, 5:36 PM

An unlikely group of European Union countries from far-flung corners of the bloc accounting for just 4% of its output is resisting worldwide consensus on a revamp of corporate tax.

Hungary, Estonia and Ireland are challenging proposals for a global minimum rate in its current form, casting a shadow over what appeared to be a breakthrough moment on Thursday in OECD talks over harmonizing company levies.

The opposition of three countries in an unusual combination that accounts for just 3.6% of the EU population is significant because a unanimous decision there may be needed to craft a legal directive ...