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EU to Discuss Minimum Corporate Tax Rate across the Union

27 May 2015

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Proposed Changes

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European Union-France-Germany-United Kingdom

In a move supported by France and Germany, the European Union is to discuss setting a minimum corporate tax rate across the Union. The minimum rate would operate substantially similarly to the 15% standard floor rate for VAT across the European Union. The plan will be discussed on Wednesday 27 May in a meeting of the Forum of Commissioners, a setting during which strategic orientations for the Union are floated.  It is expected to be opposed by a number of Member States, including the UK, which are not keen on surrendering more of their fiscal sovereignty to the Union. The proposal...