Bessent Presses for OECD Deal to Finalize This Week: BGOV Tax

EU Members Seek Minimum Tax Delay

Five EU member states are pushing the bloc to further postpone their implementation of the 15% global minimum tax amid talks with the US to revise the framework.

Finance ministers for Estonia, Malta, Latvia, Lithuania, and Slovakia called for another six-year extension, citing an administration burden if forced to implement the tax by 2030, according to a joint statement seen by Bloomberg. Read More

The push comes as the US demands exemption from key provisions of the tax on large, profitable companies. The US pulled what was known as a “revenge” tax on foreign ...