Corporate Tax

MEPs welcome the worldwide minimal corporate tax charge settlement as historic – The European Sting – Important Information & Insights on European Politics, Economic system, Overseas Affairs, Enterprise & Expertise

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This article is presented to you in collaboration with the European Parliament.

On Wednesday morning, MEPs debated the upcoming G7 summit with the Commission and the Council and the issues that they believe will be addressed at the EU-US summit on June 11th.

During the debate with EU Commissioner Valdis Dombrovskis and the Portuguese State Secretary Ana Paula Zacarias, MEPs praised the agreement of the G7 countries on the global minimum corporate tax rate of 15%. Several spoke of a “historic moment” in the fight against tax havens. Others criticized the EU for not being ambitious enough and not charging higher taxes. Some warned that the “deal is far from over” and that it remains to be seen whether all EU countries will accept it.

MEPs also highlighted the need to work together on a global scale in the fight against COVID-19 and recovery from the pandemic, as well as working together on climate change. They also insisted that biodiversity should be promoted and that a more democratic world should be built.

Many MPs welcomed the commitment of the Biden government at the international level and pointed to the need to develop a common approach with the US in dealing with Russia, Belarus and China. They expressed hope for a return to normal multilateral cooperation and stressed the need to focus on things that bring partners together, not what tears them apart. MPs also insisted that the two partners work to resolve their differences over planes, steel and data.

See the full debate here.

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Commission and Council Presidents Ursula von der Leyen and Charles Michel will meet the US President on June 15 in Brussels. It is Joe Biden’s first international trip as US President.

Ahead of the EU-US summit, the heads of state and government of the G7 countries will meet from 11 to 13 June at the summit in Carbis Bay, Cornwall. The 2021 summit will be their 47th meeting and their first face-to-face meeting for almost two years. The last time the G7 heads of state and government met in person at the 2019 Summit in Biarritz, France.

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