EU, Gentiloni: 15% minumum tax is coming for multinationals

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22 December 2021 The European Commission launches its minimum tax for multinationals: the proposal, presented today by Brussels, follows the international agreement already reached at the OECD by 137 countries for an effective tax rate of 15%.

The Commission stipulates that the rule will be applied "consistently and correctly" across Europe and should be valid for any large group, whether national or international, with a parent company or subsidiary located in a member state.

"Our proposal for a directive implementing the second pillar of the international agreement will guarantee a Effective minimum rate of 15% for large groups with an

that have their

", announced the EU Commissioner for the Economy, Paolo Gentiloni." The directive will provide legal certainty and ensure that the rules of the second pillar are implemented in a way compatible with EU law ", he added, presenting the proposals on global taxation companies and shell entities.

"In addition, by moving swiftly with this proposal, we are facilitating a first discussion among finance ministers in January, in order to reach a quick agreement during the French Presidency.

This is necessary to meet the

globally agreed

for the entry into force of the rules ", added Gentiloni.