EU CORPORATE TAXATION REFORM: WHAT COMES NEXT?

A briefing paper from the EU Parliament Research Service on 19 October says that, if implemented in the EU and globally in 2024, the 2-pillar agreement reached in 2021 by 137 countries as part of the OECD Inclusive Framework will change international corporate tax rules significantly.  In the meantime, the European Commission is preparing to relaunch the idea of an EU common consolidated corporate tax base (BEFIT), which should build on the foundation laid by the OECD agreement.

https://www.europarl.europa.eu/RegData/etudes/ATAG/2022/733699/EPRS_ATA(2022)733699_EN.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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