Latest Compromise Text on Global Minimum Tax in the EU Allows Further Delay for Member States with Few In-Scope Groups

The European Council Permanent Representatives Committee is meeting on 30 March 2022 to discuss, among other things, a revised compromise text of the Draft Council Directive on ensuring a global minimum level of taxation for multinational groups in the Union. The Directive provides for the implementation of the 15% global minimum tax agreed to as part of the OECD's two-pillar solution for international tax reform.

As previously reported, a prior compromise text included provisions to allow …