{"id":5865,"date":"2022-04-28T15:52:07","date_gmt":"2022-04-28T13:52:07","guid":{"rendered":"http:\/\/weekly.uhm.org.mt\/?post_type=article&p=5865"},"modified":"2022-04-28T15:54:05","modified_gmt":"2022-04-28T13:54:05","slug":"rata-ta-taxxa-korporattiva-minima-globali-il-mpe-japprovaw-l-ideat-ewlenin-tal-kummissjoni-fil-kumitat","status":"publish","type":"article","link":"http:\/\/weekly.uhm.org.mt\/en\/article\/rata-ta-taxxa-korporattiva-minima-globali-il-mpe-japprovaw-l-ideat-ewlenin-tal-kummissjoni-fil-kumitat\/","title":{"rendered":"Global minimum corporate tax rate: MEPs approve Commission\u2019s main ideas in committee vote"},"content":{"rendered":"\n
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MEPs broadly approved the Commission proposal implementing into law the international agreement on a global minimum corporate tax rate of 15%. The report, authored by Aurore Lalucq (S&D, FR) was adopted by the Economic and Monetary Affairs committee by 46 votes in favour, 4 votes against and 7 abstentions.<\/p>\n\n\n\n

It approves the key elements of the Commission proposal<\/a>, notably sticking to the proposed implementation timeline and the implementation deadline of 31 December 2022 with an aim to having the law apply swiftly.<\/p>\n\n\n\n

The adopted report though does also make certain changes to the Commission\u2019s proposal. One is the introduction of a review clause which provides for the revision of the annual revenue threshold above which a multinational corporation would be subject to the minimum tax rate, and also calls on assessing the impact of the legislation on developing countries.<\/p>\n\n\n\n

MEPs also seek to reduce certain exemptions proposed by the Commission, and limit the possibility for abuse of the rules, notably by introducing a specific article containing rules to fight tax avoidance schemes.<\/p>\n\n\n\n


Next steps<\/strong><\/p>\n\n\n\n

The report will be tabled for a plenary vote, after which it will constitute the Parliament\u2019s opinion. This opinion will need to be considered by the member states when they adopt the final text by unanimity.<\/p>\n\n\n\n

Background<\/strong><\/p>\n\n\n\n

The aim of the directive is to transpose into EU law the reform of the rules on international corporate taxation which were agreed by the OECD\/G20 in December 2021. This global agreement aims to ensure a minimum corporate tax rate of 15% for large multinational corporations and constitutes a major step towards an effective and fair system of profit taxation. The Commission made its proposal a few days after the international agreement was reached.<\/p>\n","protected":false},"excerpt":{"rendered":"

MEPs broadly approved the Commission proposal implementing into law the international agreement on a global minimum corporate tax rate of 15%. The report, authored by Aurore Lalucq (S&D, FR) was […]<\/p>\n","protected":false},"author":7,"featured_media":5120,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"_mi_skip_tracking":false,"spay_email":""},"issuem_issue":[268],"issuem_issue_categories":[8],"issuem_issue_tags":[],"translation":{"provider":"WPGlobus","version":"2.8.8","language":"en","enabled_languages":["mt","en"],"languages":{"mt":{"title":true,"content":true,"excerpt":false},"en":{"title":true,"content":true,"excerpt":false}}},"_links":{"self":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article\/5865"}],"collection":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article"}],"about":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/types\/article"}],"author":[{"embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/comments?post=5865"}],"version-history":[{"count":2,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article\/5865\/revisions"}],"predecessor-version":[{"id":5868,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/article\/5865\/revisions\/5868"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/media\/5120"}],"wp:attachment":[{"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/media?parent=5865"}],"wp:term":[{"taxonomy":"issuem_issue","embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/issuem_issue?post=5865"},{"taxonomy":"issuem_issue_categories","embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/issuem_issue_categories?post=5865"},{"taxonomy":"issuem_issue_tags","embeddable":true,"href":"http:\/\/weekly.uhm.org.mt\/en\/wp-json\/wp\/v2\/issuem_issue_tags?post=5865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}