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G7 issues statement on global minimum taxes

|Tax Alerts, Legislation & Policy, Na ...|United States
United States

  • On 28 June 2025, the G7 published a shared understanding that a "side-by-side" solution for Pillar Two could preserve gains made in tackling base erosion and profit shifting and provide clarity and stability in the international tax landscape.
  • The statement outlines four "accepted principles" underlying the understanding, including the exclusion of US-parented groups from the Income Inclusion Rule …

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