Following criticism from the United States (US) administration regarding the potential application of the Pillar Two global minimum corporate tax rules on US firms, the G7 (group of leading industrial nations) has proposed to explore a ‘side-by-side’ approach. The Qualified Domestic Minimum Top-Up Tax ( QDMTT ) – Gives the local jurisdiction first claim to top up low-taxed domestic profits. The Qualified Domestic Minimum Top-Up Tax ( ) – Gives the local jurisdiction first claim to top up low-taxed domestic profits. Council Directive (EU) 2022/2523 introduced Pillar Two’s minimum tax rules in the EU. The future of Pillar Two minimum corporate tax rules‘ in the Think Tank pages of the European Parliament.