One reason I’m not convinced EU will easily give up the UTPR - the Part of the Global Minimum Tax that Makes GOP Very Mad(TM) - is it’d leave EU with strong domestic policy but limited market-based enforcement. Think of the EU ETS (carbon pricing) without CBAM (border adjustment). Less effective. - ThreadSky

One reason I’m not convinced EU will easily give up the UTPR - the Part of the Global Minimum Tax that Makes GOP Very Mad(TM) - is it’d leave EU with strong domestic policy but limited market-based enforcement.

Think of the EU ETS (carbon pricing) without CBAM (border adjustment). Less effective.

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