At an ECOFIN meeting last week, ministers discussed the EU’s proposed Directive to implement OECD Pillar Two proposals which will ensure a minimum effective tax rate of 15 percent for the global activities of multinationals with a worldwide turnover of more than €750 million.
The proposed Directive will transpose into EU law, Pillar Two of the OECD/G20 Inclusive Framework agreement. The EU proposed directive follows on from the publication of the OECD Pillar Two Model Rules released in December 2021.
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