The governments of Guernsey, the Isle of Man, and Jersey have issued a statement announcing their decision on a joint approach to implementing the Pillar 2 global minimum tax, including an income inclusion rule and a domestic minimum tax to provide for a 15% effective tax rate for large in-scope multinational enterprises, from 2025. The following is the release from the Guernsey government on the decision for a joint approach:
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Guernsey aligns with Jersey and Isle of Man on approach …