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By Bart VAN DROOGENBROEK, Partner, Tax Leader and Vanessa MÜLLER, Partner, ESG Services Leader, EY Luxembourg
ESG tax incentives have become a major tool in the drive to encourage sustainable business activity, with more than 1,850 incentives available globally. Yet, the effectiveness of incentives may soon be reduced, as countries adopt the global 15% minimum effective tax rate rules agreed in the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS).
Assessing the impact of BEPS 2.0 Pillar Two on tax incentives and ESG strategies
With BEPS 2.0 Pillar Two implementation at various stages around the world, it is important for multinational companies and tax jurisdictions to fully appreciate...
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