Back in December 2021, the EU Commission published a Directive proposal on ensuring a global minimum level of taxation for multinational groups in the Union for the implementation of the OECD GloBE rules, also called “Pillar Two”, at EU level. However, this proposal raised concerns for few member states, a consensus was difficult to reach, and its adoption has been postponed many times, keeping everyone in suspense.
On Monday evening, the EU Council released a press communication according to which EU member states finally reached agreement to implement the minimum taxation Directive.