OrbitaxOrbitax

European Parliament Approves Commission Proposal for Global Minimum Tax

|Proposed Changes|European Union
European Union

On 19 May 2022, the European Parliament announced that it has approved the European Commission's proposal for the implementation of a 15% global minimum tax, with some amendments.

---

Global minimum corporate tax rate: MEPs push for quick adoption

  • Minimum corporate tax rate of 15% for large multinational corporations
  • Implementation deadline 31 December 2022
  • MEPs want review clause and impact assessment for developing countries

On Thursday, MEPs approved a Commission proposal implementin…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.