Global Corporate Minimum Tax: Europe's Obstacle Course

Hit or miss.

The last council of European finance ministers of the French presidency, this Friday, in Luxembourg, was to be a moment of triumph.

Fifteen days before passing the baton to the Czechs, this is the last opportunity hoped for by Bruno Le Maire to announce the unanimous agreement of the Twenty-Seven for the directive on the minimum taxation of multinationals.

This “pillar 2” of the reform negotiated for years under the aegis of the OECD, very dear to France, aims to impose a floor rate of 15% on companies, in particular those in the digital sector.

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However, as soon as one obstacle is overcome, another arises.

In extremis, Poland, which had been blocking the project for two months, gave its agreement on Wednesday.

"Coincidence" of the calendar, it is also this Friday that the Twenty-Seven will be approved by the Twenty-Seven the release of the 36 billion euros of the post-Covid European recovery plan allocated to Warsaw, withheld for a year due to disputes over the violations of the rule of law by…

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