The Isle of Man Treasury has announced new legislation that will provide for the implementation of a Pillar 2 Qualified Domestic Minimum Top-up Tax and Income Inclusion Rule.
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New legislation to reflect changes in global tax standards
Implementing rules around a new global tax regime will enable the Isle of Man to broaden its tax base and could raise a forecast £35m each year from 2027.
Measures are being introduced in response to the Organisation for Economic Co-operation and Devel…