News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

News

EU set to delay digital levy plans as G20 backs global tax deal

The White House is lobbying the EU to drop its digital tax plans

EU could give ground after Janet Yellen branded digital tax plans 'discriminatory'
EU could give ground after Janet Yellen branded digital tax plans 'discriminatory' Photo: Getty Images/Greg Nash

The EU is set to push back plans to introduce a levy on large internet companies, following the endorsement of a global corporate tax deal by finance ministers from the G20.

The deal will introduce a minimum global corporate tax rate of 15%. Ministers from the G20, which comprises 19 major economies plus the EU, backed the plan at a meeting over the weekend of 10 and 11 July.

WSJ Logo