1 Amendments of Markus FERBER related to 2021/0430(CNS)
Amendment 10 #
Proposal for a decision
Recital 7
Recital 7
(7) In October 2021, the Organisation for Economic Co-operation and Development and the G20 Inclusive Framework on Base Erosion and Profit Shifting reached an agreement on the allocation to participating market jurisdictions of 25% of residual profits of large multinational enterprises above the profitability threshold of 10% (‘OECD/G20 IF Pillar 1 Agreement’). The own resource should consist in applying a uniform call rate to the share of residual profits of the multinational enterprises, re- allocated to Member States [pursuant to the Directive on implementation of the global agreement on re-allocation of taxing rights.] Despite initial delays, the Union should strive to implement both parts of the OECD agreement as soon as possible.