On 20 July 2021, the Government of Gibraltar published the Chief Minister's Budget Address 2021. As part of the address, the Chief Minister notes Gibraltar's support for the OECD two-pillar solution, as well as the risks of not supporting the solution. In relation to the proposed 15% minimum tax rate under Pillar 2, the Chief Minister announced that the corporate tax rate will be increased from 10% to 12.5% for any company commencing a financial period after the date of the address (20 July …