[REVISION HISTORY]
Multinational and EU corporate tax reform efforts
Updated 2 times since CLSTR started tracking revisions of this situation.
What changed
2026-10-07 18:24 UTC → 2026-10-09 13:34 UTC ·
added
removed
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) (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.
Versions
- 2026-10-09 13:34 UTC Multinational and EU corporate tax reform efforts
- 2026-10-07 18:24 UTC Multinational and EU corporate tax reform efforts
- 2026-10-07 06:46 UTC Multinational and EU corporate tax reform efforts
Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.