UK to Amend Global Minimum Tax Law to Enact New Deal from 2026

The UK will amend its global minimum tax law to apply recent changes to the OECD-led framework from January 2026, the country’s tax minister said Wednesday.

The UK plans to consult on the new provisions before legislating the changes in the country’s next budget later this year, Dan Tomlinson, exchequer secretary to the UK Treasury, said in a written statement to Parliament.

The Organization for Economic Cooperation and Development on Monday released a package of changes to the global minimum tax framework that will exempt American companies from some of the tax’s key rules.

The global minimum tax, ...