On 11 May, a working group of EU countries met to discuss the minimum tax rates that should be enshrined in the new ETD, the first meeting of its kind since the reform was launched almost two years ago. Establishing a consensus on minimum tax rates is proving difficult. The Swedes, who hold the EU’s rotating presidency until July, have no real hope of finding an agreement on the ETD during their six-month stint. Hence, the file will be handed over to the Spanish presidency. Spain declined to comment on the record. But their successor, Belgium, expects having to deal with ETD negotiations in 2024.