MEPs ready plans for fundamental change to international tax rules
On Wednesday, MEPs will debate resetting outdated international tax rules, including introducing a minimum effective corporate tax rate.
The debate will conclude with a vote on a resolution, which will clearly set out MEPs’ priorities on these rules, with changes coming at what may be a pivotal moment in the shift towards root and branch reform of global tax policy.
MEPs have long said that international tax rules designed in the early 20th century are wholly inappropriate for the digital age, leading to a significant loss in revenues for national governments. They have also repeatedly said that if international negotiations do not yield a satisfactory result, the EU should take the lead and go it alone.
Procedure: Own initiative resolution
Debate: Wednesday, 28 April
Vote: Wednesday, 28 April, result Thursday, 29 April