US Trade Group Seeks EU Anti-Tax-Avoidance Exemption for Firms Under Domestic Minimum Tax

The NFTC's request targets a structural overlap: controlled foreign company rules designed to catch profit shifting can also capture income already taxed under a domestic minimum regime, raising the prospect of double taxation without a corresponding revenue gain. The outcome matters most for US multinationals with EU operations and for Brussels, which must weigh relief against its own anti-avoidance credibility. Whether the Commission opens a formal carve-out, and how it defines which domestic minimum taxes qualify, is the open question.