UK HM Treasury has launched a consultation on the implementation of the global minimum tax under Pillar 2 of the OECD's two-pillar package for global tax reform. The Pillar 2 consultation document notes that the UK anticipates implementing the Income Inclusion Rule of Pillar 2 with effect from 1 April 2023 and the Undertaxed Profits Rule and the domestic minimum tax from 1 April 2024 at the earliest.
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UK launches consultation on domestic implementation of global minimum tax for large mu…