MDT · 10-Q · 2026Q3 · Full report
Pillar Two Global Minimum Tax
Medtronic plc · 2026-09-03 · Importance 37 · Surprise 42 · In source text
The OECD Pillar Two Model Rules require large multinational corporations to pay a minimum 15% tax rate in each jurisdiction where they operate. Countries including Ireland have enacted legislation implementing the core elements of Pillar Two, with the rules effective for Medtronic beginning in fiscal year 2025. The filing does not quantify a material current-period impact from the global minimum tax.
Key facts
- The OECD Pillar Two Model Rules' core elements were effective for Medtronic in fiscal year 2025 as a number of countries, including Ireland, enacted legislation to implement them. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | committed | — | The OECD Pillar Two Model Rules' core elements were effective for Medtronic in fiscal year 2025 as a number of countries, including… |