Recent developments in European Corporate Taxation Law

of 29.5.2017amending Directive (EU) 2016/1164 as regards hybrid mismatches with third countries. 6 Council Directive (EU) 2022/2523 of 14.12.2022 on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union. 7 Proposal for a Council Directive laying down rules to prevent the misuse of shell entities for tax purposes and amending Directive 2011/16/EU, COM/2021/565 final. 8 Proposal for a Council Directive on laying down rules on a debt-equity bias reduction allowance and on limiting the deductibility of interest for corporate income tax purposes, COM/2022/216 final. 9 The Commission will propose a directive for the implementation of Pillar One in the EU as soon as the work at the OECD is sufficiently mature.