2nd December 2022

Pillar 2 of the BEPS 2.0 initiative back on the EU agenda

Simply put, the BEPS 2.0 initiative rests on 2 pillars:

  • taxing a larger share of the profits of selected multinational corporations in the countries where they have customers (Pillar 1) and
  • the introduction of a global minimum effective tax rate (Pillar 2). 

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.


Karel Hronek


Members of the American Chamber of Commerce in the Czech Republic