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<p>The UK have been active participants throughout the process to introduce a global
minimum corporate tax, with the Chancellor playing a leading role in securing G7 commitment
to a global minimum tax rate of 15 per cent in June 2021, setting a foundation for
the wider agreement reached by over 130 members of the OECD Inclusive Framework in
October 2021.</p><p> </p><p>As part of the normal policy making process, the Chancellor
maintains strong and ongoing working relationships with both HM Treasury officials
and Cabinet colleagues alike on the policy direction and the current status of the
global minimum tax.</p>
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