The global minimum tax rate under the GloBE Rules is set to transform the tax landscape for multinational enterprises (MNEs). As tax authorities seek to curtail tax avoidance and profit-shifting practices, MNEs must navigate a new era of transparency and compliance.
The introduction of Pillar Two brings a new perspective to the way tax accounting is perceived. Where Pillar Two already assumes two key factors, being that intercompany transactions are taking place at arm’s length and the financial accounting is correct, a follow-up point of attention is tax accounting. Given the nature of the GloBE rules, classification of items through tax accounting is the key input to your Pillar Two calculation.
Subsequently, with the introduction of a global minimum tax, MNEs must reevaluate their tax strategies to comply with the new regulations. This will likely involve assessing their effective tax rates in different jurisdictions and potentially adjusting their financial structures and operations.
In this webinar, our expert speakers will delve into the challenges and opportunities this transformation brings to the relationship between Pillar Two and tax accounting within MNEs. They will explore how financial and tax reporting practices must adapt to reflect the changing international tax landscape.
Understanding Pillar Two and its mechanisms
The interaction between Pillar Two, Tax Accounting, and QDMTT
Raymund Gerardu, CFO, TPA Global
Jasper Verkamman, Associate, TPA Global
Raj Bolgabind, Tax & Technology Director, TIF Synergy
Date and Time
Wednesday, September 13th, 2023
16:00 – 17:00 CET.