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U.K. Seeks Input on Domestic Implementation of OECD Minimum Tax

Jan. 11, 2022, 4:28 PM

The U.K. is seeking input on adopting the OECD’s model rules to create a 15% global minimum tax rate for corporations under a consultation process launched Tuesday.

More than 130 jurisdictions agreed in October to implement a two-pillar plan to change how multinationals are taxed. Pillar Two of this plan would create the global minimum tax rate. The consultation seeks the views of U.K. stakeholders on its adoption of the rules.

“Ensuring large multinational groups pay the right tax in the right place has been a long-standing priority for the U.K.,” Chancellor of the Exchequer Rishi Sunak said in a ...