Policy & Resources Committee - P.2024/56
The States are asked to decide:-
Whether, after consideration of the Policy Letter entitled "OECD Pillar 2 GloBE Rules", dated 18 June 2024, they are of the opinion:-
To specify the OECD Pillar 2 GloBE rules, together with associated commentary and administrative guidance, including the OECD (2022) Safe Harbours and Penalty Relief: Global Anti-Base Erosion Rules (Pillar Two), as an international tax measure under section 75CC(1C) of the Income Tax (Guernsey) Law, 1975, to enable the Policy & Resources Committee to make Regulations implementing the rules, commentary and guidance in domestic law and thereby introducing an income inclusion rule and domestic minimum top-up-tax for large in-scope multinational enterprises from the 1 st January, 2025.