European businesses will need to have other taxes scrapped now that they have signed up to the new global minimum tax agreement, according to BusinessEurope, a trade association.
“We now have all the obligations” of the new minimum tax agreement, said Markus Beyrer, director-general of the group, “and all of the obligations that come from the EU anti-avoidance framework.”
“We will need to have some offsetting here,” he said, speaking Monday at the EU Tax Symposium in Brussels.
The EU is currently working on a bill, due in June, meant to simplify the bloc’s existing tax laws, including ...