Pillar Two and BEFIT: Shocks and Opportunities for the EU Internal Market

The OECD BEPS Project has had a profound influence on EU tax policy. It is increasingly shaping the internal market and national corporate tax law. Following implementation of the Anti-Tax Avoidance Directive (2016/1164) and the Minimum Taxation Directive (2022/2523) (both stemming from the OECD’s Pillar Two set of rules), the European Commission recently brought forward, inter alia, the Proposal for a BEFIT Directive. Against the background of the harmonization competences granted to the Union in the Treaty on the Functioning of the European Union (2007), this article highlights Pillar Two, as well as the BEFIT proposal, and provides an outlook on tax accounting in general.

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Publication Details

Journal
European Taxation
Published
2024-09-12
DOI
https://doi.org/10.59403/3h9cbv4
Primary Topic
European Monetary and Fiscal Policies
Type
article
Field-Weighted Citation Impact
0.00
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article

Pillar Two and BEFIT: Shocks and Opportunities for the EU Internal Market

Daniela Hohenwarter, Gisela Mayr
European Taxation
European Monetary and Fiscal Policies
article

Pillar Two and BEFIT: Shocks and Opportunities for the EU Internal Market

Daniela Hohenwarter, Gisela Mayr
article en

Abstract

The OECD BEPS Project has had a profound influence on EU tax policy. It is increasingly shaping the internal market and national corporate tax law. Following implementation of the Anti-Tax Avoidance Directive (2016/1164) and the Minimum Taxation Directive (2022/2523) (both stemming from the OECD’s Pillar Two set of rules), the European Commission recently brought forward, inter alia, the Proposal for a BEFIT Directive. Against the background of the harmonization competences granted to the Union in the Treaty on the Functioning of the European Union (2007), this article highlights Pillar Two, as well as the BEFIT proposal, and provides an outlook on tax accounting in general.

European TaxationVol. 64(10)
Openalex Percentile: Top 78%
European Monetary and Fiscal Policies
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Pillar Two and BEFIT: Shocks and Opportunities for the EU Internal Market — Daniela Hohenwarter, Gisela Mayr · European Taxation (2024) | TGRS Research Map | TGRS