Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Finnish Tax Authority Worried About EU Minimum Tax Timetable

Jan. 10, 2022, 5:45 PM

Meeting the projected timeline for an EU-wide minimum tax will be challenging, Finland’s tax authority warned in a letter published Monday.

Since 137 countries reached agreement on a global tax deal last fall, governments have moved quickly to implement the new rules. The European Union in December proposed a directive that would require all its member states to implement a 15% global minimum tax, per the global deal.

The EU directive, which needs unanimous approval among member states, calls for a key provision in the rules, known as the income inclusion rule, to apply from the start of ...