Tag: Multilateral Convention

The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS is an instrument developed under Action 15 of the G20-OECD Base Erosion and Profit Shifting Project to facilitate and coordinate changes in treaty arrangements

Germany publishes draft legislation to implement the global minimum tax – OECD Pillar II

The German Federal Ministry of Finance issues draft law for the implementation of the EU Directive to ensure a global minimum level of taxation for multinational groups of companies and large domestic groups in the Union The aim of the draft law is to implement key elements of the international agreements on Pillar 2 of the so-called two-pillar solution. The post-taxation provisions contained therein are intended to ensure a global effective minimum taxation, to counteract harmful tax competition and aggressive tax structuring and thus to contribute to the promotion of tax justice and a level playing field. Click here for unofficial English translation ...
Aggressive tax structuring, Agressive tax planning, Council Directive (EU) 2022/2523, Global Minimum Tax, Harmful tax competition, Harmful tax practices, Minimum Tax Directive, Multilateral Convention, OECD Pillar II, Two Pillar Solution

Joint Statement on Pillar I and II by France, Germany, Italy, Netherlands and Spain

France, Germany, Italy, Netherlands and Spain have issued a joint statement to reaffirm their commitment to swiftly implement the global minimum effective corporate taxation (Pillar Two). According to the statement the five countries are also fully committed to to complete the work on the better reallocation of taxing rights from huge global multinationals’ profits (Pillar One) with the objective of signing a multilateral convention by mid-2023 ...
EU, Global Minimum Tax, Multilateral Convention, OECD Pillar II, Pillar I