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EU Economic and Financial Affairs Council Issues Statement on Two-Pillar Solution

13 November 2023

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Approved Changes

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European Union

Following their meeting held on 9 November 2023, the EU Economic and Financial Affairs Council issued the following Council statement on the two-pillar solution to address the tax challenges arising from the digitalisation of the economy, as well as a related Commission statement. Council Statement "The Council: I) recalls its statement approved upon adoption of the Council Directive (EU) 2022/2523 of 14 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union (the Pillar Two Directive) ]; II) welcomes the progress made by the OECD/G20 Inclusive Framework on BEPS...