On 22 December 2021 the European Commission released its proposal for the Pillar Two Directive, which should ensure that large MNCs pay a 15% minimum tax rate in jurisdictions where they operate. The Commission’s proposal largely follows the OECD’s inclusive framework rules published two days earlier. The envisaged entry into force of 1 January 2023 is highly ambitious: a number of Member States must still be brought on board by the EU’s new French Presidency, many technical points seem to require further attention and domestic legislators and administrations will need time for the implementation. In spite of these challenges still ahead, the time for MNCs (and their advisors) to get ready for change is now.
Join hosts Stephanie Pronk and Frederik Boulogne and speakers Kristy Jonas (European Commission), Arjan van der Linde (General Electric), Monika Loving and Ross Robertson as they explore the proposal from different perspectives:
- Interplay with the work by the OECD’s inclusive framework and the road ahead towards implementation
- MNCs anticipating the Pillar Two rules and preparing for compliance
- The impact of the EU developments on policy choices across the globe
- Implications for US-owned MNC’s with European activities