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European Parliament Approves Commission Proposal for Global Minimum Tax

|Proposed Changes|European Union
European Union

On 19 May 2022, the European Parliament announced that it has approved the European Commission's proposal for the implementation of a 15% global minimum tax, with some amendments.

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Global minimum corporate tax rate: MEPs push for quick adoption

  • Minimum corporate tax rate of 15% for large multinational corporations
  • Implementation deadline 31 December 2022
  • MEPs want review clause and impac…

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