Currently, the 139 countries organised in the OECD/G20 Inclusive Framework are negotiating a fundamental reform of the international system of taxing multinational firm profits. The reform consists of two main parts, so-called “pillars”. Pillar One focuses on the reallocation of taxing rights to the market economies, Pillar Two sets out an effective minimum tax on the profits of multinational firms, the so-called “global anti-base erosion” proposal (GloBE). This report discusses the implementation of GloBE-style effective minimum taxes in the EU.

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