UK Government Notes G7 Agreement with U.S. on Global Minimum Tax

The UK Government has issued a release on the G7 agreement with the U.S. on global minimum tax.

---

G7 reach agreement on global minimum tax

UK businesses to benefit as G7 reach agreement on global minimum tax.

• The Chancellor and G7 plot path forward on global minimum tax and tackling of aggressive tax planning and avoidance.
• UK businesses spared from higher taxes after removal of Section 899 from the One Big Beautiful Bill.
• Chancellor acted swiftly on concerns about those potential i…