Pillar Two
A ‘joint understanding’ among G7 countries that ‘defends American interests’ is set to be announced, Scott Bessent claimed
The reduction would still ‘leave room’ for pillar two and further reductions would be possible, one expert tells ITR
While pillar one is still alive, it will apply to a smaller group of companies, Brian Foley also told ITR
Tax teams that centralise and automate their pillar two data will have a much easier time during reporting season, says Hank Moonen, CEO of TaxModel
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Sponsored by KPMG ChinaJoin ITR and KPMG China at 10am BST (5pm China Standard Time) on May 4, as tax experts consider the crucial impact China’s potential adoption of GloBE rules could have for businesses.
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