The entry into force of the tax measure is scheduled in one year, on December 31, 2023.
The leaders of the 27 member countries of the EU approved on Thursday the transposition into European law of the minimum tax of 15% on the profits of multinationals, after the lifting of the Hungarian and Polish blockades, announced the European Commissioner for the Economy Paolo Gentileni.
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The entry into force of the measure in Europe is scheduled for December 31, 2023. The unanimity of the Twenty-Seven was necessary to validate the draft directive prepared by the Commission which implements the historic agreement for more tax justice, endorsed last year by nearly 140 countries under the aegis of the OECD.
Warsaw and Budapest had in turn blocked this file since the beginning of the year to obtain the validation by the EU of their recovery plans endowed with billions of euros in subsidies. After having secured a green light on their recovery plans, the two capitals finally lifted their reservations as part of a compromise on several files, which also include the release of macro-financial aid of 18 billion euros for Ukraine in 2023. “It was a long journey, with obstacles every step of the way. Today, unity has prevailed and all EU Member States and citizens will benefit”rejoiced Paolo Gentiloni, in a press release.