The Isle of Man Treasury has announced new legislation that will provide for the implementation of a Pillar 2 Qualified Domestic Minimum Top-up Tax and Income Inclusion Rule. --- New legislation to reflect changes in global tax standards Implementing rules around a new global tax regime will enable the Isle of Man to broaden its tax base and could raise a forecast £35m each year from 2027. Measures are being introduced in response to the Organisation for Economic Co-operation and Development's Pillar Two initiative, which aims to ensure that businesses that operate across international boundaries pay a fair share of...