Updated July 25, 2018 11:00:40 U.N. chief says he expects the United States to move to a “flexible” tax structure for the first time in four years, and is confident the U.K. and Canada will join him in that.
Speaking at a news conference in Geneva, U.P. Ambassador for Europe and Central Asia Peter Bergen said: “We have already begun a process of adjusting our tax system.
It is going to be a very dynamic time.”
He said the U,N.
is still waiting for the final details from the European Union and the European Commission on what the European Parliament and Parliament of Canada are going to do, but he is confident they will approve the tax reform in 2019.
In a statement released Wednesday, the European Council, which represents member states, said:”We believe that the final tax reform, which we are currently working on, will contribute to an even greater harmonization of tax and fiscal policy in the European area, with greater fairness for taxpayers.”
The statement said it was looking forward to the Council’s final decision and will make the necessary proposals to the European government.
A spokesperson for the U!
Foreign Office said: ‘We are pleased that the United Kingdom has finally agreed to a new system of tax collection, which will be in place in 2019.’
The spokesperson said that Britain’s new system will not include the current tax system that allows multinational companies to shift profits offshore.