Getting all European member states involved to agree to the deal was crucial to ensuring it can be implemented across the bloc, the source said, adding: “This is a considerable step forward.”
The deal https://www.reuters.com/business/finance/global-corporate-tax-deal-nears-holdouts-drop-objections-2021-10-08 aims to end a four-decade-long “race to the bottom” by setting a floor for countries that have sought to attract investment and jobs by taxing multinational companies lightly, effectively allowing them to shop around for low tax rates.
