France fails to win over doubters on how to implement global minimum corporate tax rate

Paschal Donohoe expects the 15% global tax rate to become real.

The EU has failed to quickly agree on how to implement a global minimum tax for corporations after concessions proposed by France failed to win over reluctant countries.

At a meeting of finance ministers in Brussels, Poland, Sweden, and Malta still declined to support a compromise, even as holdouts including Hungary dropped their opposition.