The European Union should be able to agree on a rule to implement the global agreement on the minimum corporate tax rate by mid-2022 and thus meet a deadline for the rule to come into force in 2023, said the bloc’s top tax official.
The EU implementation of the Organization for Economic Cooperation and Development’s Pillar Two Agreement – an effective minimum tax rate of 15% for large companies – “is now crucial and has top priority in the area of corporate taxation,” EU Economic Commissioner Paolo Gentiloni told the tax -Subcommittee of the European Parliament on Tuesday.
Every EU country must apply the rules of the second pillar in its …
