15/04/2025 (Agence Europe) – In a letter published on Monday 7 April and addressed to Wopke Hoekstra, European Commissioner for Climate, Net Zero and Clean Growth, the European employers’ association BusinessEurope said that the EU’s approach to Pillar II of the OECD agreement on minimum taxation of companies needed to be reassessed as a matter of urgency in order to preserve European competitiveness. It is concerned about the withdrawal of the United States from this agreement (see EUROPE 13562/8). “Without global consensus in this regard, Pillar 2 may lead to market distortions and expose European businesses to competitive and administrative disadvantages”, they argued. They also fear that this will discourage investment. BusinessEurope suggests that the EU should “lead a process at the OECD level to create a streamlined, efficient, and practical system that minimises unnecessary compliance burdens for businesses as well as tax administrations”. Read the letter: https://aeur.eu/f/gf5 (Original version in French by Anne Damiani)