Global minimum tax: G7 endorses ‘side-by-side’ system replacing top-up levies; US, UK firms exempted

G7 endorses ‘side-by-side’ system replacing top-up levies (Picture credit: ANI) In a landmark development, the Group of Seven (G7) nations have agreed to exempt US-headquartered multinational corporations from key provisions of the global minimum tax agreement under a new “side-by-side” system. British businesses will also […]