UK HMRC has published a policy paper on draft legislation to implement the transitional Country-by-Country reporting safe harbour anti-arbitrage rule.
---
General description of the measure
Multinational Top-up Tax and Domestic Top-up Tax are the UK's adoption of the income inclusion rule and domestic minimum top-up tax rule in the Global Anti-Base Erosion (GloBE) Rules agreed by the UK and other members of the Organisation for Economic Co-operation and Development (OECD) G20 Inclusive Fr…