The German Federal Council has approved the bill addressing the implementation of the Global Minimum Tax in accordance with the respective European Union (EU) Minimum Tax Directive and the Organisation for Economic Co-operation and Development (OECD) Model Rules as well as other tax bills. Executive summary On 15 December 2023, the German Federal Council approved the bill implementing the EU Minimum Tax Directive, which the German Parliament had adopted on 10 November 2023. In addition to implementing the Base Erosion and Profit Shifting (BEPS) 2.0 Pillar Two rules into German tax law, the bill would reduce the low-tax threshold from...