EU Commission Takes Legal Action Against Four Nations

The EU Commission has filed lawsuits against Spain, Cyprus, Poland, and Portugal for not implementing global minimum taxation rules for multinationals by the end of 2023. The commission alleges that these nations have not notified any compliance steps, prompting legal action.

The European Union Commission has initiated legal proceedings against Spain, Cyprus, Poland, and Portugal. The action stems from these countries' failure to implement globally mandated tax rules aimed at ensuring multinational companies pay a minimum level of taxes.

Set to be enforced by the end of 2023, these rules are part of the EU's drive to curb tax avoidance. The Commission stated on Thursday that despite being required to act, the involved nations have yet to inform the EU about any compliance measures.

This legal step underscores the broader EU commitment to maintaining fair taxation practices across all member states, as the bloc seeks uniform application of its financial regulations.

(With inputs from agencies.)