The European Union on Thursday adopted a plan for a global minimum 15 percent tax on multinational businesses, after leaders gave final approval following months of wrangling. The landmark agreement between nearly 140 countries is intended to stop governments racing to cut taxes to lure the world’s richest firms to their territory.
<!-- wp:html --><p>The European Union on Thursday adopted a plan for a global minimum 15 percent tax on multinational businesses, after leaders gave final approval following months of wrangling. The landmark agreement between nearly 140 countries is intended to stop governments racing to cut taxes to lure the world's richest firms to their territory.</p><!-- /wp:html -->