European Commission and the OECD/G20 Inclusive Framework on BEPS in tandem to deliver rules for ensuring minimum taxation

Following the OECD/G20 Inclusive Framework agreement for a two-pillar solution and its calling for a swift development of model rules to address the tax challenges arising from the digitalization of the economy, the European Commission proposed on 22 December 2021 a draft directive to ensure a minimum level of effective corporate taxation in the EU.
While the draft directive and the OECD framework share many common features, there are some differences and potential interactions vis-à-vis existing policy provisions that will make their adoption a challenging process.