The Spanish Council of Ministers has issued a release announcing its approval of the draft Law on the General State Budget for 2022 on 7 October 2021. One of the key tax measures of the draft Law is the introduction of a minimum corporate tax rate of 15%, which is in line with the minimum rate of pillar two of the OECD's two-pillar solution for global tax reform that was recently agreed to in the Inclusive Framework. Further details on Spain's proposed minimum tax and other budget tax measur…