The U.S. Congressional Research Services (CRS) has published an updated report dated 21 December 2022, The Pillar 2 Global Minimum Tax: Implications for U.S. Tax Policy. As compared to the original report published in July 2022, the main update concerns the fact that the U.S. did not approve changes to bring U.S. rules more in line with the Pillar 2 global minimum tax (GLoBE) rules, which included proposed changes to the tax on global intangible low-taxed income (GILTI), the repeal of the ba…