EU issues warning to Cyprus over 15 per cent tax rate for multinationals

The European Commission this week issued reasoned opinions, the final step before referring cases to the European Court of Justice (ECJ), to Cyprus and other member states for failing to implement the agreement on a minimum 15 per cent tax rate on large multinational corporations.

This action is part of the commission’s May infringement package, which was publicly released on Thursday.

The infringement package also includes reasoned opinions against Cyprus and other member...