UK Expects Gain of $618 Million From Global Minimum Tax In 2023-24

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UK Expects Gain of $618 Million From Global Minimum Tax In 2023-24

  • By Danish Mehboob

A UK minimum tax is expected to draw more than £500 million ($618 million) in revenue during 2023-24, His Majesty’s Revenue and Customs said in a new policy report. The latest budget estimates published on March 15 show that the largest tax revenue gain is in 2027-2028 at £2.18 billion.

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