EU: Status regarding proposal for EU minimum tax directive
No further discussions of compromise text for an EU minimum tax directive
No further discussions of compromise text for an EU minimum tax directive
Today’s meeting of the Economic and Financial Affairs Council of the EU (ECOFIN) was held without further discussions of compromise text for an EU minimum tax directive.
Previously, the ECOFIN on 5 April 2022 failed to reach a political agreement on the revised compromise because of reservations from Poland. Read KPMG’s Euro Tax Flash.
The EU minimum tax directive was initially on the ECOFIN agenda for 24 May 2022, but was removed at the last minute. According to a press statement from the French Minister of Finance, negotiations are still ongoing, and the French Presidency intends to reach a political agreement at the next ECOFIN meeting (scheduled for 17 June 2022) before handing over the presidency of the EU to the Czech Republic.
For more information, contact a tax professional with KPMG’s EU Tax Centre:
Raluca Enache | renache@kpmg.com
Robert van der Jagt | vanderjagt.robert@kpmg.com
Vinod Kalloe | kalloe.vinod@kpmg.com
Marco Dietrich | marcodietrich@kpmg.com
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