Minimum tax for multinationals new black smoke in the EU

Minimum tax for multinationals, new black smoke in the EU: Poland blocks agreement (after halting its economic stimulus package)

Another black smoke after the one that arrived in midMarch. The hope up Paris to quickly reach an agreement within the EU on the already weakened EU minimum tax for multinational corporations, agreed in the G20, G7 and OECD headquarters, she broke against the no of the corporations Poland, the only country to say no to adopting the reform at Ecofin on Tuesday. Polish Finance Minister Magdalena Rzeczkowskasaid that despite the changes, Warsaw was concerned about the different deadlines for adopting the two columns the reform. The first concerns the Redistribution of the “right to tax one profitsharing scheme for all countries where a multinational corporation operates, to come into force in 2023, the second is set at (paltry) 15%global minimum rate which large corporations collectively have to pay to the state in which they are headquartered and to those in which they operate. L‘Hungary instead he would have given the green light, but his political opposition remains known.

The Vice President of the European Commission, Valdis Dombrowskis, before the malaparata, he hopes that the agreement can be reached at the next Ecofin on May 24th. The reasons urging Warsaw to block the deal are “a mystery,” said the French economy minister. Bruno LeMaire, who holds the current EU Council Presidency, said he was “absolutely not convinced” of Warsaw’s position. “All the technical difficulties have been resolved”, the minister explained, recalling the work done in Paris to respond to the observations made in recent months and weeks by various countries such as the United States Ireland, Estoniathe Sweden and Malta. “I hope the Irish spirit inspires” those who are still against it, like Warsaw, he added.

The suspicion is that Warsaw’s move is some kind of retaliation in relation to the EU’s decision not to give it the green light recovery plan to guarantee for shortcomings on the front lines of the judicial reform demanded by Brusselsindependence of the judiciary. Brussels expects from the government Mateusz Morawiecki a bill that refers to the three key criteria for the autonomy of its judges, set out in black and white by the European Court of Justice, which dismissed the appeal last February Hungary and Poland against the mechanism of conditionality to which the payment of European funds is linked respect for the rule of law. “There are longterm reform requirements that have to be met, then comes the effort. We’re not there yet,” said the President of the EU Commission at Question Time in Strasbourg Ursula von der Leyen. And so Poland threatens against, for the EU no minimum tax. what it is for unanimity. For Le Maire, the stop is unsurprisingly just a political excuse that has nothing to do with the tax office.

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