EU & International Developments / All

On 5 June 2021, at the G7 meeting in London, the G7 finance ministers reached agreement, in principle, to key elements of the global tax reform set out in the OECD BEPS 2.0 plan.

Global minimum tax at rate of 15%, removal of digital services taxes.

Council of the EU and European Parliament provisional political agreement on EU public CbC reporting initiative.

A proposal for a global corporate minimum tax rate.

During this webcast on 1 June, our panel of KPMG specialists will share their insights on some of the latest developments from across the EU affecting multinational groups operating in Europe.

On May 18, 2021, the European Commission unveiled its Communication on “Business Taxation for the 21st Century” (the Communication).

The EU General Court delivered two judgments on 12 May 2021. One annulled the European Commission’s decision that Luxembourg granted illegal State aid to Amazon, the second confirming the Commission’s decision that Luxembourg granted illegal State aid to Engie through a selective tax advantage.

KPMG responded on 7 May 2021 to the Department of Finance’s consultation on Ireland’s Tax Treaty Policy.

The Immigration Service Delivery has further announced the decision to continue temporarily cease accepting new visa applications for all visa-required countries.