According to recent reports, the Barbados government is preparing to deal with the impacts of the proposed two-pillar solution for international tax reform, including the global minimum tax of pillar II. Rather than opposing the minimum tax, the government is considering different options to encourage companies to stay in Barbados, including the possibility of offering grants to companies that would offset the costs of the global minimum tax. For example, if a global minimum tax rate of 15% is introduced, this rate would be applied in Barbados, with the government using the increased tax revenue to offer grants to companies...