How to optimize your tax department for global minimum tax and other regulatory changes
The global minimum tax aims to discourage multinationals from shifting their profits and tax revenues to low-tax jurisdictions regardless of where MNEs made their sales. The goal of this agreement is to end the "30-year race to the bottom on corporate tax rates," according to U.S. Treasury Secretary Janet Yellen, as countries compete to attract MNEs.
What is the impact, and what are the implementation challenges that businesses can address today?
Join us for this webinar as international tax experts Kim Majure (KPMG LLP) and Gratian Joseph (Orbitax) speak to Bianca Kuijper (Thomson Reuters) to discuss a range of potential economic and practical implications this proposal could have for corporations.
Key learnings include:
- Overview of the Pillar 1 and Pillar 2 rules
- US legislative framework
- Timelines for enactment
- Potential implementation challenges MNEs should anticipate