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EU’s Global Tax Plans Set for December Unveiling (1)

Oct. 26, 2021, 1:11 PMUpdated: Oct. 26, 2021, 4:56 PM

The European Union will publish a plan Dec. 22 to implement a 15% minimum global corporate tax rate, a spokesperson for the European Commission confirmed Tuesday.

EU officials have previously said they need a plan for how the 27 member countries will implement an OECD-brokered deal to set a minimum rate to ensure equal treatment of companies across the bloc. The minimum tax requirement would cover companies with global revenues above 750 million euros ($872 million).

On the OECD implementation, “planning is indicative” and could be changed, the commission said in an emailed statement.

The EU directive will adhere closely ...