Implementation of the Two-Pillar corporate tax framework

After years of negotiations, nearly 140 countries from around the world rallied behind a historic overhaul of international corporate tax rules in October 2021. Amidst the implementation process by countries worldwide, including EU Member States, President Donald Trump withdrew United States (US) support for the global agreement, creating uncertainty about its future development. The Subcommittee on Tax Matters (FISC) is due to hold a public hearing on this topic on 15 May 2025.