Proposal for a Council Directive on ensuring a global minimum level of taxation for multinational groups in the Union
ECON-VII/022
Proposal for a Council Directive on ensuring a global minimum level of taxation for multinational groups in the Union
*Express general support for the Council Directive on ensuring a global minimum level of taxation for multinational groups in the Union, as well as support for the work done so far by the OECD in the preparation of legal measures to combat tax base erosion and profit shifting outside the EU.
*Draw attention to the fact that the proposed Directive will have beneficial effects for local and regional situations as well, not only in terms of higher tax revenue available to the Member States, but also with a view to ensuring greater fairness and competitiveness of SMEs which, at national and local level, are currently experiencing less favourable tax conditions and positive consequences for employment and workers
*Highlight that the adoption of the proposal for a minimum level of taxation should be the first step in creating a single taxation scheme within the EU, which is needed now more than ever in order to move towards adequate competition between companies on the internal European market, increase Europe's competitiveness, and to prevent the relocation or arbitrary closure of production centres, which greatly impacts workers, who are forced to look for new jobs or cope with travelling considerable distances to avoid losing their jobs.
*Highlight that the EU, when transposing the OECD's minimum tax rate into law, constantly must engage with its global partners and uphold its political guidelines, in order to avoid European companies facing stricter rules than their direct competitors
*Draw attention to the fact that the proposed Directive will have beneficial effects for local and regional situations as well, not only in terms of higher tax revenue available to the Member States, but also with a view to ensuring greater fairness and competitiveness of SMEs which, at national and local level, are currently experiencing less favourable tax conditions and positive consequences for employment and workers
*Highlight that the adoption of the proposal for a minimum level of taxation should be the first step in creating a single taxation scheme within the EU, which is needed now more than ever in order to move towards adequate competition between companies on the internal European market, increase Europe's competitiveness, and to prevent the relocation or arbitrary closure of production centres, which greatly impacts workers, who are forced to look for new jobs or cope with travelling considerable distances to avoid losing their jobs.
*Highlight that the EU, when transposing the OECD's minimum tax rate into law, constantly must engage with its global partners and uphold its political guidelines, in order to avoid European companies facing stricter rules than their direct competitors
There is no agreement in Council, which makes measuring impact impossible. However, a breakthrough in negotiations on the file was reported on 12 December. As soon as the content of the agreement in Council is presented, the impact of the CoR opinion could be estimated.
THE EUROPEAN COMMITTEE OF THE REGIONS
welcomes the proposal for a Council Directive on ensuring a global minimum level of taxation for multinational groups in the Union, considers that the work done so far by the OECD in the preparation of legal measures to combat tax base erosion and profit shifting outside the EU could also have beneficial effects for local and regional situations as well, not only in terms of higher tax revenue available to the Member States, but also with a view to ensuring greater fairness and competitiveness of SMEs which, at national and local level, are currently experiencing less favourable tax conditions and positive consequences for employment and workers;
is convinced that adopting a proposal for a minimum level of taxation would be the first step in creating a single taxation scheme within the EU, which is needed now more than ever in order to move towards adequate competition between companies on the internal European market, increase Europe's competitiveness, and to prevent the relocation or arbitrary closure of production centres, which greatly impacts workers, who are forced to look for new jobs or cope with travelling considerable distances to avoid losing their jobs;
calls on the EU, when transposing the OECD's minimum tax rate into law, to constantly engage with its global partners and uphold its political guidelines, in order to avoid European companies facing stricter rules than their direct competitors, relegating the EU to a less open business environment with lower economic growth, fewer jobs, limited capacities and resources to respond to innovation challenges. It considers, in particular, that the failure of the US to participate in Pillar 1 could undermine the purpose and balance of the OECD agreement as a whole;
welcomes the proposal for a Council Directive on ensuring a global minimum level of taxation for multinational groups in the Union, considers that the work done so far by the OECD in the preparation of legal measures to combat tax base erosion and profit shifting outside the EU could also have beneficial effects for local and regional situations as well, not only in terms of higher tax revenue available to the Member States, but also with a view to ensuring greater fairness and competitiveness of SMEs which, at national and local level, are currently experiencing less favourable tax conditions and positive consequences for employment and workers;
is convinced that adopting a proposal for a minimum level of taxation would be the first step in creating a single taxation scheme within the EU, which is needed now more than ever in order to move towards adequate competition between companies on the internal European market, increase Europe's competitiveness, and to prevent the relocation or arbitrary closure of production centres, which greatly impacts workers, who are forced to look for new jobs or cope with travelling considerable distances to avoid losing their jobs;
calls on the EU, when transposing the OECD's minimum tax rate into law, to constantly engage with its global partners and uphold its political guidelines, in order to avoid European companies facing stricter rules than their direct competitors, relegating the EU to a less open business environment with lower economic growth, fewer jobs, limited capacities and resources to respond to innovation challenges. It considers, in particular, that the failure of the US to participate in Pillar 1 could undermine the purpose and balance of the OECD agreement as a whole;
