The EU Economic and Financial Affairs Council held a meeting on 5 April 2022 to discuss various issues, including 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 of Pillar 2 of the OECD's two-pillar solution for international tax reform. Pillar 1 of the solution concerns a revision of profit allocation and nexus rules. Estonia, Malta, and Sweden, which previously held reservations, expressed their acceptance of the latest compromise text of the Directive during the meeting. Poland, however, maintained...