EU to Draft Texts on Global Corporate Minimum Tax Deal by Spring: Macron

European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, on July 14, 2021. Yves Herman/Reuters

PARIS—The European Union will draft texts by spring 2022 on the implementation of a global minimum corporate tax deal brokered this year, French President Emmanuel Macron said on Thursday.

France assumes the rotating presidency of the European Council on Jan. 1.

By Richard Lough and Kirsten Donovan