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Pillar Two

The US president’s threats expose how one superpower can subjugate other countries using tariffs as an economic weapon
Rolling out the global minimum tax has increased complexity, according to Baker McKenzie; in other news, Donald Trump has announced a 25% tariff on countries doing business with Iran
The deal is a ‘real win’ for US-based multinationals and its announcement is a welcome relief, experts have told ITR
The controversial deal will allow US-parented groups to be carved out from key aspects of pillar two
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