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European Union, Ireland, Estonia and Hungary confident of signing 15% global tax

European Union, Ireland, Estonia and Hungary confident of signing 15% global tax

We are confident that the technical details of the agreement, reached yesterday at the 15% OICD, the global minimum tax for multinational companies, will be “developed in the coming months so that the missing member states can sign the agreement”.
A spokesman for the European Commission said in response to a question about the failure of Ireland, Hungary and Estonia to sign.

“Negotiations are underway with all member states to reach an agreement on the remaining technical details by October.”The spokesman explained that the agreement, supported by 130 countries, including all G20 members, would pave the way for an unprecedented global solution to bring equity and stability to the “international” economic “framework”. The spokesman said Brussels would work “actively” these days to ensure that the agreement is fully ratified by the G20 in July, and that, once finalized, it will work to “expedite it into force in the European Union”.
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