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2 clusters · 14 sources · 6 days · First seen 26 days ago · Last updated 20 days ago

Multinational and EU corporate tax reform efforts

Overview

Public opinion in Europe shows broad support for increasing taxes on large technology companies. A survey indicates that while most citizens favor higher levies, there is disagreement regarding implementation, with 39% supporting an EU-level tax and 29% preferring national taxation. Additionally, 69% of respondents view the ‘EU Incorporated’ proposal—a simplified corporate regime for online businesses—as important for economic integration.

On a broader scale, international efforts led by the OECD to establish a 15 percent global minimum tax for companies with revenues exceeding €750 million face significant political challenges. Within the EU, the ‘Corporate Resource for Europe’ (CORE) proposal aims to generate €60 billion annually for the EU budget by 2028. To prevent trade tensions with the United States and avoid impacting medium-sized firms, officials are considering raising revenue thresholds to target very large corporations, such as Apple, Meta, and Google. However, the success of these reforms is complicated by political shifts, including the reelection of Donald Trump, which has led some to describe the global deal as lacking a future. Furthermore, any EU-specific revenue measures require unanimous consent from all 27 member states.

The European Commission is now considering expanding the CORE proposal to include all large companies rather than specifically targeting digital services. This shift aims to secure funding for the 2028–2034 budget period while mitigating geopolitical risks. Under current discussions, companies with annual revenue exceeding €100 million would pay a fixed annual contribution between €100,000 and €750,000, potentially generating €6.8 billion annually. This broader framework is viewed as a strategic move to avoid potential trade retaliation from the United States, following threats from President Trump of tariffs up to 100 per cent on exports from countries implementing digital services taxes.

Entities

European Union · Google · Polling Europe · Swg · Olaf Scholz

Claims

What the coverage asserts, and how many sources carry each claim.

[● 12 SOURCES] The European Commission is considering broadening the Corporate Resource for Europe (CORE) proposal.
[● 10 SOURCES] The Financial Times reported that the Commission is looking to increase revenue from large companies, including US tech giants.
[● 9 SOURCES] The current CORE proposal requires companies with annual revenue above €100 million to make annual payments between €100,000 and €750,000.
[● 7 SOURCES] Donald Trump warned that countries imposing digital services taxes on American companies could face tariffs of up to 100 per cent.
[● 3 SOURCES] The CORE measure could generate approximately €6.8 billion annually on average during the 2028–2034 budget period.
[● 3 SOURCES] Implementing these changes requires the unanimous consent of all 27 EU member states.

Timeline

20 days ago

[BUSINESS] 12 sources
European Commission considers broader corporate levy to fund EU budget
The EU is considering expanding its CORE corporate levy to all large companies to secure budget revenue while avoiding direct digital taxes that could trigger U.S. trade retaliation.
26 days ago

[BUSINESS] 2 sources
Europeans support higher taxes on Big Tech companies
A survey by SWG and Polling Europe shows most Europeans support higher taxes on Big Tech, with 39% favoring an EU-wide tax and 69% supporting simplified cross-border business registration.

Sources

android-mt.ouest-france.fr · biznis.rs · blog-nouvelles-technologies.fr · brasilemfolhas.com.br · frandroid.com · hungarianconservative.com · hwsw.hu · klubradio.hu · newsbeast.gr · newsmonkey.be · next.gazeta.pl · reggio2000.it · upday.com · vocedimantova.it

This summary has been updated 2 times: see revision history