European Commission and Council release statements on BEPS 2.0 progress

20 November 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, OECD, Group of Twenty, BEPS 2.0|European Union

During the ECOFIN meeting on 9 November, Finance Ministers of the European Union (EU) adopted a Council Statement (accompanied by a Commission Statement) welcoming the progress on BEPS 2.0.
On Pillar One, the Council and the Commission acknowledged the progress made on the Multilateral Convention on Amount A and reiterated the importance of Amount B.
On Pillar Two, the Statement addresses the compatibility of Administrative Guidance issued by the OECD/G20 Inclusive Framework on BEPS in December 20…

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