No need for listing all the countries TLD, they are all 2 letters, besides the special ones listed by IANA
https://gist.github.com/pocesar/5366899
and the tests are here http://codepad.viper-7.com/QfueI0
Comprehensive test suit along with working code. The only caveat is that it won't work with unicode domain names, but that's another level of data extraction.
From the list, I'm testing against:
$urls = array(
'www.example.com' => 'example.com',
'example.com' => 'example.com',
'example.com.br' => 'example.com.br',
'www.example.com.br' => 'example.com.br',
'www.example.gov.br' => 'example.gov.br',
'localhost' => 'localhost',
'www.localhost' => 'localhost',
'subdomain.localhost' => 'localhost',
'www.subdomain.example.com' => 'example.com',
'subdomain.example.com' => 'example.com',
'subdomain.example.com.br' => 'example.com.br',
'www.subdomain.example.com.br' => 'example.com.br',
'www.subdomain.example.biz.br' => 'example.biz.br',
'subdomain.example.biz.br' => 'example.biz.br',
'subdomain.example.net' => 'example.net',
'www.subdomain.example.net' => 'example.net',
'www.subdomain.example.co.kr' => 'example.co.kr',
'subdomain.example.co.kr' => 'example.co.kr',
'example.co.kr' => 'example.co.kr',
'example.jobs' => 'example.jobs',
'www.example.jobs' => 'example.jobs',
'subdomain.example.jobs' => 'example.jobs',
'insane.subdomain.example.jobs' => 'example.jobs',
'insane.subdomain.example.com.br' => 'example.com.br',
'www.doubleinsane.subdomain.example.com.br' => 'example.com.br',
'www.subdomain.example.jobs' => 'example.jobs',
'test' => 'test',
'www.test' => 'test',
'subdomain.test' => 'test',
'www.detran.sp.gov.br' => 'sp.gov.br',
'www.mp.sp.gov.br' => 'sp.gov.br',
'ny.library.museum' => 'library.museum',
'www.ny.library.museum' => 'library.museum',
'ny.ny.library.museum' => 'library.museum',
'www.library.museum' => 'library.museum',
'info.abril.com.br' => 'abril.com.br',
'127.0.0.1' => '127.0.0.1',
'::1' => '::1',
);