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.