European Parliament backs US global minimum tax proposal

Brussels (AFP) April 29, 2021

The European Parliament on Thursday welcomed a US proposal to introduce a 21 percent global minimum tax on corporations but said Europe should "go it alone" if the effort fails. "Outdated international tax rules need to be overhauled, including a minimum effective corporate tax rate," a statement said after the non-binding resolution was passed with a big majority. The US proposal is int