In the spotlightCountry Pillar Two implementation activityThe Bermuda government released draft legislation for adoption of a 15% corporate income tax designed to align with Pillar Two. Draft legislation was introduced to Parliament in Hungary that will keep the 9% statutory corporate income tax rate in place while establishing a Qualified Domestic Minimum Top-up Tax (2024), Income Inclusion Rule (2024) and Undertaxed Profits Rule (2025). The legislation also includes a new research and development incentive regime. The Luxembourg government tabled several amendments to the legislation implementing Pillar Two that is currently going through the legislative process. Malta's Finance Minister announced that...