19/12/2022 (Agence Europe) – On Friday 16 December, the Council of the European Union published a report on the progress made under the Czech Presidency, as well as the state of play of the most important dossiers under negotiation in the field of taxation. The EU Council adopted the proposal for a Directive on a worldwide minimum level of taxation for multinational groups (see EUROPE 13085/8) and reached agreement on a revision of the Code of Conduct Group on business taxation (see EUROPE 13059/5). In the first half of 2023, the Swedish Presidency will be responsible for taking forward the negotiations on the proposal for a directive establishing rules to prevent the abuse of front organisations for tax purposes (see EUROPE 13074/42). The examination of the ‘DEBRA’ (debt-equity bias reduction allowance) proposal, relating to a franchise for the reduction of tax incentives favouring indebtedness, has been suspended (see EUROPE 12950/1). To consult the document: https://aeur.eu/f/4qc (AD)