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EU Finance Ministers Discuss Digital Tax and Worldwide Minimum Tax at Brussels Meeting

21 May 2019

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Proposed Changes

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European Union

EU member states will work together to assess the impact of the OECD plans for taxing the digital economy, Romanian Finance Minister Eugen Teodorovici told reporters after a meeting of EU finance ministers in Brussels on 17 May. The European Commission is pushing for a unified EU position to have a stronger voice at the OECD level. German Finance Minister Olaf Scholz told the panel he believes an agreement on a minimum corporate tax will be reached by the summer of 2020, and that a solution will be implemented in the EU before the end of 2020.