On Wednesday, the law on the adjustment of the tax scale will be voted on in the Chamber. The parliamentary committee for finance has now presented the report.

However, next week, MPs will also vote on a bill, which aims to set the minimum taxation for large companies at 15 percent, in a project that has only recently been added to the Chamber’s agenda.

This is due to the recent publication of the State Council's opinion on the matter, which was released this Tuesday.

The EU directive, based on an initiative by the OECD, must be implemented by December 31. However, it only concerns large companies with a turnover of 750 million euros.

Finance Minister Gilles Roth states: "We have a series of [large companies with a turnover of EUR 750 million] in Luxembourg, which will be subject to a minimum taxation of 15 percent. We are implementing this in a timely manner, despite all the constraints we have had over the past few weeks. This is also essential for the predictability of tax arrangements in our country, and clarity is necessary to assure the competitiveness of our country."

Sam Tanson of the Greens emphasises that the law is an important factor against tax evasion and is pleased that the law can still proceed through the Chamber next week:

"Just one last step remains. Therefore, we are very committed to ensuring that we can still approve it. This has an important signalling effect externally and also assures that we do not lose revenue. All the tax revenues that are circumvented come - if they do not come to us - to one of the other countries that have already implemented the directive."

This is the case for the vast majority of EU countries.

There are only a few countries left, such as Portugal, Spain, or Poland, that do not plan to implement the directive this year.

For Sven Clement of the Pirates, it is important that Luxembourg does not join these countries:

"This is about being able to say that Luxembourg is implementing the minimum taxation directive to avoid getting blacklisted or getting a penalty from the EU Commission again."

However, the vote next week means that members of the parliamentary committee on Finance are busy over the weekend:

"There is a lot of detailed work. It is probably the largest tax reform in corporate taxation that we have done in recent decades, and the government cannot even tell us whether it will bring in money or cost money."

On Monday, the report on the law is to be taken up in the Finance committee, and the vote in the Chamber is scheduled for Wednesday.