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Agreement Reached by EU Member States for Global Minimum Tax

|Proposed Changes|European Union
European Union

According to a European Council press release, ambassadors of EU Member States (Committee of Permanent Representatives - Coreper) have unanimously decided to advise the Council to adopt the proposed directive on ensuring a global minimum level of taxation for multinational groups in the EU (the Pillar 2 global minimum tax). Although not stated in the release, this follows a change in position on the proposed global minimum tax by Hungary, which strongly opposed the minimum tax as recently as…

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