Proposal for a Directive on ensuring a global minimum level of taxation for multinational groups in the EU
On 22 December 2021 the European Commission proposed a Directive ensuring a minimum effective tax rate for the global activities of large multinational groups.
The proposal follows the recent historic global tax reform agreement, setting out how the principles of the agreed 15% effective tax rate (Pillar 2) will be applied in practice within the EU.
The proposed rules will apply to large groups with combined financial revenues of more than €750 million a year, and with either a parent company or a subsidiary situated in an EU Member State.
Click here to view the text of the proposed Directive.