Speech on 'Minimum corporate taxation in the EU (and beyond)' by Thomas Gerassimos, Director-General of Taxation and Customs Union, European Commission, former deputy Minister for Environment and Energy - Hellenic Republic

On 1 January 2024, ground-breaking new EU rules came into effect introducing a minimum rate of effective taxation of 15% for multinational companies active in EU Member States. The new framework brings greater fairness and stability to the tax landscape in the EU and globally, while making it more modern and better adapted to today's globalised, digital world. The rules, unanimously agreed by Member States in 2022, formalise the EU's implementation of the so-called ‘Pillar 2' rules agreed as part of a global deal on international tax reform in 2021. In his is presentation, Mr Gerassimos Thomas will expound on the difficult history of the agreement and its importance for the EU.