OECD Tax Deal: EU implements Pillar 2
The European Council recently announced a deal to implement the Pillar 2 of the OECD’s reform of international taxation: the minimum taxation component. An effective implementation of this OECD Pillar means that the profit of multinational and domestic groups or companies with a combined annual earnings of at least €750 million euros will be taxed at a minimum rate of 15%.
LYMEC strongly rejects the OECD tax deal and instead calls for the implementation of the EU Common Consolidated Corporate Tax Base, for which every EU country could use the same rules to calculate the Corporate Tax Base, whilst ensuring that member states have the discretion to set their own tax rates and establish tax credits/incentives in line with domestic needs.
Leave your comment
Want to know more about why young people matter and why their age is not a political liability? Then what are you waiting for, watch our inaugural Flip the Script video from Romina Pourmokhtari, Sweden's Minister for Climate and the Environment!
We are really proud of the work that has been done by our fantastic Editorial Team of 2023 and the brilliant articles that have been submitted by LYMEC Members through spontaneous contributions. Now, we are looking to recruit a new team, to take up thei...