Bloomberg Tax
March 8, 2023, 12:59 PM

EU Tax Rules Could Influence Global Minimum Tax Calculations, Group Warns

Stephen Gardner
Freelance Correspondent

Companies preparing for the European Union’s implementation of the global minimum tax should be aware of a number of provisions in other EU laws that could affect the calculation of the effective tax rate, the business group Accountancy Europe said Wednesday.

Examples include double tax-relief provisions for dividends in the EU Parent-Subsidiary Directive (2011/96/EU), asset-valuation rules in the Anti-Tax Avoidance Directive ((EU) 2016/1164), and an EU plan to create a tax allowance for equity investment, the group said in a fact sheet issued.

It is “uncertain” how the EU’s implementation of the minimum tax would ...

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