GT I Last Call for Global Minimum Tax Compliance: Considerations for Multinationals Operating in the EU

The OECD’s Pillar Two introduces a GMT framework designed to ensure large multinational corporations pay a minimum effective tax rate of 15% in each jurisdiction where they operate. Starting in 2024, the rules apply to multinational companies with consolidated revenues exceeding EUR 750 million. Various jurisdictions have already implemented legislation based on the OECD’s initiative. The European Union issued a Directive on the topic that each EU member state must have implemented in 2024. Read more. Compliments Greenberg Traurig