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U.S. Congressional Research Service Publishes Updated Report on Pillar 2 Global Minimum Tax Including Revenue Impact

|Proposed Changes|United States
United States

The U.S. Congressional Research Services (CRS) has published an updated report dated 29 June 2023, The Pillar 2 Global Minimum Tax: Implications for U.S. Tax Policy. Updates include consideration of the adoption of Pillar 2 (GloBE) rules by the EU and other countries, as well as the resulting revenue impacts for the United States. In regard to revenue, the report notes that the Joint Committee…