About: http://data.cimple.eu/news-article/ad62abf87ad8ddaa1e71635e9ea15d6613b077afd6d92f26fc7bf958

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About: http://data.cimple.eu/news-article/ad62abf87ad8ddaa1e71635e9ea15d6613b077afd6d92f26fc7bf958 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The European Parliament on Thursday welcomed a US proposal to introduce a 21 percent global minimum tax on corporations but said Europe should "go it alone" if the effort fails. "Outdated international tax rules need to be overhauled, including a minimum effective corporate tax rate," a statement said after the non-binding resolution was passed with a big majority. The US proposal is intended to stop what Washington calls a "race to the bottom" among countries to see who can offer the lowest rate and would unwind a historic rate cut in the US under former president Donald Trump. Crucially, it would not only affect US tech giants such as Google and Facebook, but also non-digital big businesses such as LVMH or Volkswagen, which are European. In Europe the idea is backed by France and Germany, but is facing questions among smaller EU member states whose economies depend on keeping taxes low to attract big companies. "We have a moral responsibility to ensure that digital multinationals will contribute their fair share, just like all other companies and citizens," said Czech MEP Martin Hlavacek, who introduced the resolution. The MEPs enthusiastically backed negotiations underway at the Organisation for Economic Co-operation and Development (OECD) to agree on the minimum tax, but insisted that the EU should propose its own version for Europe that targeted big tech if no breakthrough is reached this year. But EU-wide tax policy requires unanimity by the bloc's 27 members states and earlier attempts for a digital tax were shot down by Ireland, which is the low-tax home for Google, Facebook and Apple in Europe. arp/del/spm
schema:headline	European Parliament backs US global minimum tax proposal
schema:mentions	Corporation tax in the Republic of Ireland Digital media European Parliament Big Four tech companies Czech Republic Republic of Ireland Volkswagen Apple Inc. Glenn L. Martin Company OECD George Washington Google Germany European Union France Facebook Donald Trump Non-binding resolution Unwind (novel) Maxima and minima LVMH
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-29 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	92 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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