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Economic commissioner Paolo Gentiloni said the EU aims to have the new rules enter into force in 2023 (Photo: European Commission)

EU proposes minimum corporate tax under global deal

The EU Commission proposed new legislation on Wednesday (22 December) to implement a global deal struck to set an effective global minimum tax rate for large companies.

The EU executive's proposal includes a common set of rules on putting into practice the globally-agreed 15 percent minimum tax rate for large companies - those with annual turnover above €750m and that have a parent or subsidiary company in the EU.

EU finance ministers will discuss the proposal already in January....

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Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

Economic commissioner Paolo Gentiloni said the EU aims to have the new rules enter into force in 2023 (Photo: European Commission)

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Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

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