On December 20, 2022, the OECD/G20 Inclusive Framework released an implementation framework package on the Pillar Two Global Anti-Base Erosion (GloBE) rules. The week before, the European Union reached unanimous agreement to implement the EU Minimum Tax Directive that is closely aligned with the GloBE rules, and other countries have taken steps toward implementation too. Regardless of whether the United States aligns its rules with Pillar Two or not, thousands of U.S. companies that meet the Pillar Two scope threshold (companies with at least 750 million Euro of consolidate revenues) will need to comply.
KPMG LLP is pleased to invite you to a 90-minute webcast on the status of Pillar Two implementation and the potential impact on U.S. multinational groups. Professionals from the KPMG Washington National Tax practice will address:
- The recently released implementation framework, including safe harbors, the GloBE information return, and tax certainty
- How businesses are preparing for implementation, with a specific focus on data and technology.
