Anti-base erosion profit shifting (BEPS) measures
Overview
The European Union (EU) introduced the Anti-Tax Avoidance Directive (EU) 2016/1164 on 12 July 2016.
The Anti-Tax Avoidance Directive contained several measures which were designed to prevent base erosion and profit shifting (BEPS) by multi-national groups.
Subsequently, the EU introduced Council Directive (EU) 2022/2523 of 14 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union. The Directive is referred to as the Minimum Tax Directive.
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