1 Amendments of Stéphanie YON-COURTIN related to 2021/0433(CNS)
Amendment 94 #
Proposal for a directive
Recital 20
Recital 20
(20) The effectiveness and fairness of the global minimum tax reform heavily relies on its worldwide implementationswift and consistent implementation worldwide and by EU Member States by 2023. It will thus be vital that all major trading partners of the Union apply either a qualified IIR or an equivalent set of rules on minimum taxation. In this context, and in support of legal certainty and efficiency of the global minimum tax rules, it is important to further delineate the conditions under which the rules implemented in a third country jurisdiction which will not transpose the rules of the global agreement can be granted equivalence to a qualified IIR. To this end, this Directive should provide for an assessment, by the Commission, of the equivalence criteria based on certain parameters together with a listing of third country jurisdictions that meet the equivalence criteria. This list would be modified, through a delegated act, following any subsequent assessment of the legal framework implemented by a third country jurisdiction in its domestic law. The implementation of the Pillar II Directive will require an increased exchange of information between Member States and third country jurisdictions. To this end, the Directive on administrative cooperation(DAC) should be reviewed in accordance with the future OECD work on a competent authority agreement to be developed by the end of 2022.