Global Minimum Tax for Multinational Groups

by name voted on 19.05.2022

Summary

The proposal establishes a global minimum tax for large multinational groups to prevent profit shifting and ensure fair taxation.

9 19.05.2022

Other

economy

taxation

european union

business and competition

public finance and budget policy

Key points

The directive applies to multinational groups or large-scale domestic groups with annual consolidated revenues of at least 750 million euros.
Certain entities, such as non-profit organizations, governmental bodies, and certain investment funds, are excluded from the scope of these rules.
A substance-based carve-out is included to protect companies that have a real economic presence, based on their employee costs and tangible assets.
New anti-avoidance rules will allow authorities to disregard tax arrangements that are not genuine and exist only to gain a tax advantage.

Vote

PPE

S&D

Renew

Verts/ALE

ECR

ID

NI

The Left

Total

Speeches

42 Speeches in total

Pro

Contra

Bert-Jan RUISSEN

Bert-Jan RUISSEN

ECR

1:17 min

25. Minimum level of taxation for multinational groups * (debate)

Marek BELKA

S&D

1:12 min

25. Minimum level of taxation for multinational groups * (debate)

Documents (PDFs)

REPORT on the proposal for a Council directive on ensuring a global minimum level of taxation for multinational groups in the Union Minimum level of taxation for multinational groups *

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