The European Parliament has adopted its position on the ongoing international tax negotiations at G20/OECD level. These negotiations have a twofold objective: to design rules to tax the digital economy more fairly and to end the race to the bottom by introducing a minimum effective tax rate.
The Greens/EFA are very supportive of these international tax negotiations and are supporting the European Parliament’s position. There is a large majority in the Parliament to call for comprehensive and effective rules at international level to stop tax dodging. The European Parliament has welcomed the recently announced Biden tax plans which include a minimum effective tax rate of 21% on multinationals.