We aim for a fairer global corporate taxation.
Today, we propose swift transposition of the international agreement on minimum taxation of multinationals.
Implementing the @OECD Agreement Pillar 2 on the minimum effective tax rate is historic global tax reform.
↓ More
Today, we propose swift transposition of the international agreement on minimum taxation of multinationals.
Implementing the @OECD Agreement Pillar 2 on the minimum effective tax rate is historic global tax reform.
↓ More
@OECD Our proposal sets out how the principles of the 15% effective tax rate – agreed by 137 countries – will be applied in practice within the EU.
It is a significant step forward for our fair taxation agenda.
#FairTaxation
It is a significant step forward for our fair taxation agenda.
#FairTaxation
Implementing the @OECD agreement on minimum effective taxation into EU law is key for:
✔️fighting tax avoidance and evasion
✔️preventing a ‘race to the bottom’ with unhealthy tax competition between countries
#FairTaxation
✔️fighting tax avoidance and evasion
✔️preventing a ‘race to the bottom’ with unhealthy tax competition between countries
#FairTaxation
@OECD It also provides certain exceptions. Companies will be able to exclude:
▶️ an amount of income equal to 5% of the value of tangible assets
▶️ and 5% of payroll
Meaning profits below certain minimum thresholds are not considered in calculating the rate.
#FairTaxation
▶️ an amount of income equal to 5% of the value of tangible assets
▶️ and 5% of payroll
Meaning profits below certain minimum thresholds are not considered in calculating the rate.
#FairTaxation
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