Guernsey, Jersey, and similar low-tax jurisdictions are reportedly seeing increased revenue from implementing Qualified Domestic Minimum Top-up Taxes (QDMTT) under the OECD's Pillar Two framework. This strategic adoption allows these jurisdictions to collect the top-up tax locally, rather than allowing it to be levied in the ultimate parent entity's jurisdiction, impacting the global distribution of GloBE revenues.

This practitioner analysis explores the implications of the OECD's Pillar Two framework in conjunction with existing national tax integrity measures, likely including concepts such as domestic minimum taxes or CFC rules ('NCTI'). It aims to clarify how the global minimum tax interacts with and potentially supersedes or complements pre-existing anti-avoidance legislation following the 'Side-by-Side Package' discussions on international tax reform.

The article examines the tax and regulatory considerations for Indian entities establishing companies in Dubai, focusing on the implications of the India–UAE Double Taxation Avoidance Agreement. It also delves into India's Foreign Exchange Management Act (FEMA) and Overseas Direct Investment (ODI) rules, which govern capital outflows from India for such international ventures.

The European Commission has approved a €60 million Croatian State aid scheme designed to support energy-intensive industries in Croatia. This decision concludes an investigation, finding the aid to be compatible with EU State aid rules, particularly in light of the current energy crisis and its impact on the competitiveness of certain sectors.

The European Commission has approved a €60 million Croatian State aid scheme designed to support energy-intensive industries in Croatia. This decision concludes an investigation, finding the aid to be compatible with EU State aid rules, particularly in light of the current energy crisis and its impact on the competitiveness of certain sectors.

Spain's tax competitiveness has reportedly declined, dropping from 27th to 35th position among 38 OECD countries in the International Tax Competitiveness Index since 2018. This assessment reflects the impact of the current Spanish government's tax policies on the country's attractiveness for international investment and business operations.