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GLOBAL MINIMUM TAX AND DIGITALIZATION

Writer's picture: Christian Ribera CaellasChristian Ribera Caellas

Updated: Jan 30

The comprehensive digitalization and globalization of the economy pose a major challenge in the taxation of multinational companies, particularly for tax base erosion and profit shifting. The introduction of a global minimum tax for multinational corporate groups may ensure that multinational corporate groups are subject to an effective tax burden of at least 15 percent worldwide. 


The EU Directive 2022/2523 concerning the global minimum taxation for multinational groups of companies with turnovers of at least EUR 750 Mio has been adopted. The national implementation of this directive in Austria took place with the Minimum Taxation Act (MinBestG), which came into force on December 31, 2023. 


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