EU Tax Plan Sparks Business Pushback | Europe News

The EU’s new corporate tax plan is sparking heated debate as major economies push back, demanding exemptions for smaller or less profitable firms to avoid hurting competitiveness. The CORE tax, targeting companies with over 100 million euros in turnover, faces criticism for taxing revenue rather than profits — a move seen as unfair and potentially damaging to Europe’s global standing. With pandemic debt and defense funding at stake, negotiators are scrambling to find a compromise that satisfies both fiscal needs and business concerns — especially as Ireland and other key players weigh in on how to tax foreign firms without triggering trade wars. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ca6402256cf45708