{"id":10629,"date":"2023-11-13T13:15:59","date_gmt":"2023-11-13T13:15:59","guid":{"rendered":"https:\/\/legalavocado.com\/wp\/?p=10629"},"modified":"2023-11-13T13:16:01","modified_gmt":"2023-11-13T13:16:01","slug":"avocado-roundup-germany-writes-eu-global-minimum-tax-directive-into-national-law","status":"publish","type":"post","link":"https:\/\/legalavocado.com\/wp\/avocado-roundup-germany-writes-eu-global-minimum-tax-directive-into-national-law\/","title":{"rendered":"Avocado Roundup: Germany Writes EU Global Minimum Tax Directive Into National Law"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"10629\" class=\"elementor elementor-10629\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1b6f8353 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1b6f8353\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-48ec1b93\" data-id=\"48ec1b93\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-650b91bc elementor-widget elementor-widget-text-editor\" data-id=\"650b91bc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 20-09-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Avocado Roundup is a quick review of top tax, legal, and climate news stories. It\u2019s written by humans.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ed003a4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ed003a4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2098293e\" data-id=\"2098293e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-305ad7a1 elementor-widget elementor-widget-post-info\" data-id=\"305ad7a1\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/legalavocado.com\/wp\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\"><link rel=\"stylesheet\" href=\"https:\/\/legalavocado.com\/wp\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-theme-elements.min.css\">\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-051c43e elementor-inline-item\" itemprop=\"author\">\n\t\t\t\t\t\t<a href=\"https:\/\/legalavocado.com\/wp\/author\/rickm\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<img decoding=\"async\" class=\"elementor-avatar\" src=\"https:\/\/secure.gravatar.com\/avatar\/408e33a762b31b232caba2a231b2fb70b8a2fc2ad1e461900ea9b0a6e77cebac?s=96&amp;d=mm&amp;r=g\" alt=\"rickm\" loading=\"lazy\">\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-author\">\n\t\t\t\t\t\t\t\t\t\trickm\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-4e70569 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/legalavocado.com\/wp\/2023\/11\/13\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-calendar\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\tNovember 13, 2023\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-643af09c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"643af09c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7ec145fc\" data-id=\"7ec145fc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6bc04ad8 elementor-widget elementor-widget-text-editor\" data-id=\"6bc04ad8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Germany&#8217;s Parliament Friday approved legislation transposing into German law the December 2022\u00a0<a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/PDF\/?uri=CELEX:32022L2523&amp;from=EN\" target=\"_blank\" rel=\"noopener\"><u><i>EU directive<\/i><\/u><\/a>\u00a0that requires the 27 EU member states to implement Pillar 2 rules into their national laws by Dec. 31, 2023.\u00a0Pillar 2, which includes the 15% global minimum tax, is part of the OECD-brokered international tax reform that aims to make sure the world&#8217;s biggest companies pay a fair share of tax in countries where they earn profits. (<a href=\"https:\/\/www.reuters.com\/world\/europe\/germany-approves-global-minimum-corporate-tax-2023-11-10\/\" target=\"_blank\" rel=\"noopener\"><i><u>Reuters<\/u><\/i><\/a>)<\/li><li>Bermuda&#8217;s prime minister, David Burt, estimated that the country&#8217;s implementation of the global minimum tax could affect 1,400 multinational firms registered in the country, or about 10% of all firms based there, according to a report. (<a href=\"https:\/\/www.royalgazette.com\/politics\/news\/article\/20231110\/global-tax-could-hit-1400-bermuda-registered-firms\/\" target=\"_blank\" rel=\"noopener\"><i><u>Royal Gazette<\/u><\/i><\/a><span style=\"background-color: transparent; color: var( --e-global-color-text );\">)<\/span><\/li><li><span style=\"background-color: transparent; color: var( --e-global-color-text );\">Barbados Prime Minister Mia Mottley\u00a0last week said the country will raise\u00a0its corporate rate to 9% and implement a top-up tax for some big multinationals starting Jan. 1, 2024, as part of its move to comply with Pillar 2 rules. Mottley said the reform could cause the tax haven to lose some business. (<a href=\"https:\/\/barbadostoday.bb\/2023\/11\/08\/companies-to-pay-more-as-barbados-moves-to-avoid-blacklisting\/\" target=\"_blank\" rel=\"noopener\"><u><i>Barbados Today<\/i><\/u><\/a>)<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0852283 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0852283\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-586f3c2\" data-id=\"586f3c2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-670a238 elementor-widget elementor-widget-heading\" data-id=\"670a238\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 20-09-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h5 class=\"elementor-heading-title elementor-size-default\">Paris Forum Calls for New Task Force To Study Global Climate Taxation<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-331955c4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"331955c4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-45357f49\" data-id=\"45357f49\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1e679ae8 elementor-widget elementor-widget-text-editor\" data-id=\"1e679ae8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul>\n<li style=\"font-size: 16px;\">World leaders gathered for the Paris Peace Forum Friday and Saturday called for creation of a task force to look for new ways to use taxes to fund climate action and to help the world&#8217;s most vulnerable. The proposed task force and its agenda, which would be created during upcoming COP 28 international climate talks in Dubai, would be complementary to the two-pillar global tax reform, which remains a priority, according to a joint press release from the French presidency and the Organization for Economic Cooperation and Development, whose headquarters are in Paris.&nbsp;(<a href=\"https:\/\/www.elysee.fr\/emmanuel-macron\/2023\/11\/10\/communique-conjoint-de-la-france-et-de-locde\" target=\"_blank\" rel=\"noopener\"><u><i>Elysee.fr<\/i><\/u><\/a>)<\/li>\n<li style=\"font-size: 16px;\"><span style=\"background-color: transparent; color: var( --e-global-color-text );\">Some 48 countries and jurisdictions announced Friday that they intend to implement the OECD&#8217;s framework for reporting and exchange of tax information for crypto assets by 2027.<\/span><span style=\"background-color: transparent; color: var( --e-global-color-text );\">&nbsp;(<a href=\"https:\/\/www.oecd.org\/newsroom\/secretary-general-mathias-cormann-welcomes-pledge-by-48-countries-to-implement-global-tax-transparency-standard-for-crypto-assets.htm\" target=\"_blank\" rel=\"noopener\"><u><i>OECD.org<\/i><\/u><\/a>)<\/span><\/li>\n<li style=\"font-size: 16px;\"><span style=\"background-color: transparent; color: var( --e-global-color-text );\">The Philippines joined the OECD-sponsored inclusive framework on base erosion and profit shifting. (<a href=\"https:\/\/www.oecd.org\/tax\/beps\/the-philippines-joins-the-inclusive-framework-on-beps-and-participates-in-the-agreement-to-address-the-tax-challenges-arising-from-the-digitalisation-of-the-economy.htmhttps:\/\/www.oecd.org\/tax\/beps\/the-philippines-joins-the-inclusive-framework-on-beps-and-participates-in-the-agreement-to-address-the-tax-challenges-arising-from-the-digitalisation-of-the-economy.htm\"><i><u>OECD.org<\/u><\/i><\/a>)<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-431c687 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"431c687\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-367553d\" data-id=\"367553d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d31f83 elementor-widget elementor-widget-heading\" data-id=\"3d31f83\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Kirkland Grabs Corporate Tax Partner From Linklaters<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4740c16 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4740c16\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-16776abf\" data-id=\"16776abf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5d88816e elementor-widget elementor-widget-text-editor\" data-id=\"5d88816e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Law firm Kirkland &amp; Ellis boosted its London tax practice by getting tax lawyer\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/james-morgan-29b30813b\/\" target=\"_blank\" rel=\"noopener\"><u><i>James Morgan<\/i><\/u><\/a>\u00a0from UK elite firm Linklaters. Morgan advises private equity sponsors and other alternative asset managers on tax and structural issues of complex corporate transactions and financings. (<a href=\"https:\/\/www.kirkland.com\/news\/press-release\/2023\/11\/leading-tax-lawyer-james-morgan-joins-kirkland-ellis\" target=\"_blank\" rel=\"noopener\"><i><u>Kirkland.com<\/u><\/i><\/a>)<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Avocado Roundup is a quick review of top tax, legal, and climate news stories. It\u2019s written by humans. Germany&#8217;s Parliament Friday approved legislation transposing into German law the December 2022\u00a0EU directive\u00a0that requires the 27 EU member states to implement Pillar 2 rules into their national laws by Dec. 31, 2023.\u00a0Pillar 2, which includes the 15% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10854,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[135,155,143,108,113,156],"tags":[],"class_list":["post-10629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-barbados","category-bermuda","category-germany","category-global-minimum-tax","category-globe","category-paris"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/posts\/10629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/comments?post=10629"}],"version-history":[{"count":266,"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/posts\/10629\/revisions"}],"predecessor-version":[{"id":10896,"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/posts\/10629\/revisions\/10896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/media\/10854"}],"wp:attachment":[{"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/media?parent=10629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/categories?post=10629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalavocado.com\/wp\/wp-json\/wp\/v2\/tags?post=10629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}