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New global tax regime approved by the OECD

New government taxation measures have been approved by the Organization for Economic Co-operation and Development.

These rules apply to large multinational groups with revenues above £650 million. 

The , implemented in November, is predicted to raise a forecasted £35 million each year from 2027.

Treasury Minister Dr Alex Allinson welcomed the recognition, stressing the importance of compliance with international standards and easing burdens on affected firms. 

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