After U.S. push, EU pauses tax plan, but Ireland sticks to its guns

Published by
Reuters

By Francesco Guarascio and David Lawder BRUSSELS (Reuters) -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, but EU member Ireland reiterated its criticisms of the wider reform. The world’s 20 largest economies endorsed on Saturday a plan for a global overhaul of corporate tax that would introduce a minimum tax rate and change the way large companies like Amazon and Google are taxed, based partly on where they sell their products and services rather than on the location…

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