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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 ...