European Union considers changes to minimum tax law to ease tensions with Trump

The European Union will next week consider amending its law mandating a 15 percent minimum corporate tax in a bid to ease tensions with the United States. At a meeting next Tuesday, officials will discuss several policy options that could significantly change the way the European Union applies the law, documents show. Their aim is to reassure Trump that the U.S. government does not want U.S. companies to be bound by the law. The Minimum Tax Directive, which came into effect less than two years ago, imposed a 15 percent corporate tax benchmark across the European Union, in line with the 2021 agreement signed by more than 140 countries, including the United States, at the time.