After U.S. Push, EU Pauses Tax Plan
The European Union has agreed to delay a corporate tax plan for the bloc following pressure from the U.S. administration and in a bid to facilitate a broader global tax deal. The reform, if finalised in October, would need parliamentary approval in the more than 130 countries that support it, including the U.S. Congress where it could face opposition from the Republicans. All EU member states must also approve tax reforms – including the envisioned global deal.
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