Late on Thursday, the EU’s 27 member states finally came to a unanimous agreement on the implementation of a minimum 15 per cent effective corporation tax rate for multinationals, in line with the international deal brokered by the OECD last year. The decision came after Hungary and Poland finally dropped their veto, having held up the directive legislating for the OECD agreement’s so-called Pillar Two for the best part of this year. To placate Poland, the agreed text includes a phase-in period during which investments in bricks-and-mortar activities in a given country will shield a greater portion of profits from…
Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators. Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts. Annual membership is just €200 for the first year, a saving of €100. Or try The Currency for the first month for a special introductory rate of €5, a saving of €20. Cancel at any time. To become a member today click here.
Join The Currency
INTRODUCTORY OFFER: Full annual membership for just €200.