Executive summary On 17 June 2022, the Council of the European Union (the Council) held an Economic and Financial Affairs Council (ECOFIN) meeting where Finance Ministers publicly discussed the proposal for a Directive on ensuring a global minimum level of taxation for multinational groups in the European Union (EU) (the Pillar Two Directive).1 The discussion took place following the ECOFIN meeting of 5 April where EU Finance Ministers were unable to reach agreement as Poland did not support the Directive.2During the public debate, Poland dropped its reservation and expressed support for the Directive. Poland mentioned that it has now received the relevant assurances on...