Simply put, the BEPS 2.0 initiative rests on 2 pillars:
EU countries have not yet found a consensus on the proposed EU Directive implementing Pillar 2 (due to Hungarian opposition).
However, the initiative has been put back on the EU agenda - specifically for the ECOFIN meeting on 6 December. There are whispers behind the scenes that a deal with Hungary may have been reached and a final agreement on the proposed EU directive implementing Pillar 2 could be reached at the December meeting.
We will continue to monitor this initiative and everything related to it.
If you have any questions, please contact the author of the article or EY tax team with whom you regularly work.
16th January 2023
12th December 2022
15th February 2023
12th January 2023