The European Council Permanent Representatives Committee is meeting on 30 March 2022 to discuss, among other things, a revised compromise text of the Draft Council Directive on ensuring a global minimum level of taxation for multinational groups in the Union. The Directive provides for the implementation of the 15% global minimum tax agreed to as part of the OECD's two-pillar solution for international tax reform. As previously reported, a prior compromise text included provisions to allow an EU Member State to delay the application of the income inclusion rule (IIR) and the undertaxed payment rule (UTPR), the GloBE rules, if...