Business Group Urges EU to ‘Reassess’ Bloc’s Minimum Tax Law

A lobby group representing Europe’s businesses warned that the EU’s 15% minimum-tax law risks “placing European businesses at a significant structural disadvantage.”

In a Monday letter to the European Commission, BusinessEurope Director General Markus Beyrer wrote “an urgent reassessment of the EU’s approach is necessary to prevent lasting economic harm, ensure a level playing field and safeguard the competitiveness of European businesses.”

While the group supports the global deal for a 15% minimum corporate tax, recent developments in US trade and tax policy—the Trump administration’s rejection of the global tax agreement and its new tariffs—have changed the “international tax landscape,” ...