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Webinar available now: BEPS pillar two: why streamlining tax data management is essential

Sponsored by

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With BEPS pillar two presenting data-related challenges for enterprise tax teams, ITR held a webinar in collaboration with insightsoftware and KPMG to explain the increasing need to transform tax processes.

Many multinational organisations are struggling with how to identify and extract the data required for pillar two, how to wrangle that data, and how to integrate it into a streamlined process. The webinar addresses these issues and can be viewed here.

Industry experts from insightsoftware and KPMG discussed:

  • Pillar two updates and an at-a-glance guide, including a summary of the qualified domestic minimum top-up tax, the income inclusion rule, and the undertaxed profits rule;

  • How the implementation of pillar two is progressing in key jurisdictions;

  • The data and process challenges involved;

  • How a single solution can create efficiencies in tax accounting, reporting and transfer pricing;

  • Insightsoftware’s Longview platform, and demonstrated how it can help to manage the tax transformation challenges businesses are facing; and

  • The primary considerations in building a business case for tax transformation.

Key pillar two questions

Kathryn Abate, senior product manager at insightsoftware, Susie Cooke, global tax transformation leader at KPMG in Canada, and Richard Wheeler, a director at KPMG UK, also responded to audience questions, including the following:

  • Whether having so many data points should be a genuine concern for multinational enterprises (MNEs) as they face interrogating their systems for the GloBE information return;

  • How much additional work is needed for MNEs to produce data for the GloBE information return compared with country-by-country reports;

  • Whether companies should have dedicated teams to handle the BEPS 2.0 compliance requirements; and

  • The potential timescales involved in implementing a pillar two technology solution.

Find out more

A personalised demonstration of Longview is available here.

For further information on pillar two, visit the insightsoftware website.

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