On 22 December 2021, the EU became the first jurisdiction to start the legislative process for the transposition of the so-called Pillar II of the OECD agreement to reform the international tax system, i.e. the minimum 15% effective tax rate for large multinational enterprises (MNE). From the very beginning, the European Tax Adviser Federation (ETAF) supported this initiative. On 18 March 2022, ETAF sent a feedback to the European Commission on the proposed Directive.
