Analysis: Big countries’ tax deal to reveal rift in Europe

Published by
Reuters

By Foo Yun Chee and John O’Donnell BRUSSELS (Reuters) – A global deal on corporate tax looks set to bring to a climax a deep-seated European Union battle, pitting large members Germany, France and Italy against Ireland, Luxembourg and the Netherlands. Although the smaller EU partners at the centre of a years-long struggle over their favourable tax regimes, welcomed the Group of Seven deal on June 5. for a minimum corporate rate of at least 15%, some critics predict trouble implementing it. The European Commission, the EU’s executive, has long struggled to get agreement within the bloc on a com…

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