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The Economic and Financial Affairs Council (ECOFIN) has published the agenda for its upcoming meeting scheduled for 6 December 2022. Notably, the agenda includes a further vote to adopt the proposed directive on ensuring a global minimum level of taxation for multinational groups in the EU (the Pillar 2 global minimum tax). Several attempts have been made to get the directive adopted, with Hungary remaining the last holdout in the last vote held in June 2022, despite supporting the directive earlier. Hungary's position flip was seen as an attempt to gain leverage in regard to the approval of funding for its recovery and resilience plan, which is also a topic of discussion in the ECOFIN meeting. If the directive is not adopted in what will be the final vote before the end of the year, several EU countries are planning to move ahead with the global minimum tax in 2023, including France, Germany, Italy, the Netherlands, and Spain.