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2022-10-05

【Offshore Companies】

EUROPEAN UNION: Talks on global minimum tax falter as five Member States plan independent action

Hungary has again vetoed EU agreement on the European Commission's draft directive implementing the OECD Pillar Two 15 per cent minimum corporation tax rate on large multinational companies. France, Germany, Italy, the Netherlands and Spain have now issued a joint statement stating that they will 'swiftly' implement the 15 per cent rate if unanimity is not reached in the next weeks. The next formal Economic and Financial Affairs Council meeting is on 4 October 2022.


News Source:【CFE Tax Advisers Europe 2022/09/12】

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