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EU Reiterates Its Plan to Adopt 15% Global Minimum Tax By 2023

Jan. 11, 2022, 2:31 PM

The European Commission repeated its support for adopting a 15% minimum tax this year as some EU countries raise concerns about timing.

The OECD-led deal to overhaul global tax rules—backed by 137 countries in October—set a 2023 deadline to implement the plan. The Commission last month released a directive outlining how bloc members should adopt the 15% rate—a key part of the deal known as Pillar Two. The Commission wants to reach agreement on the directive by the end of June.

  • A day earlier the Finnish tax authority in a letter to the Commission warned that the timetable would be ...