The UK Treasury has postponed implementing the global minimum tax rate following concerns raised during a recent consultation.
The 135 countries of the Organisation for Economic Co-Operation and Development (OECD) inclusive framework reached an agreement on a package of tax reforms in October 2021.
The reforms were designed to manage the taxation of large multinationals at an international level. The measures, referred to as pillars one and two, were due to be implemented in 2023...