The Organization for Economic Cooperation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) project has been a work in progress for some time, but 2024 could be a watershed year as countries implement local Pillar 2 legislation and multinational enterprises prepare for testing under the safe harbor rules, making GLoBE calculations, and reporting expected impacts in their financial statements.
During this webinar, international tax specialists from around the globe will discuss the impact of Pillar 2 on U.S. companies, provide updates from around the world on drafted and implemented legislation, talk through the data gathering and reporting journey, and conclude with next steps for taxpayers and what the U.S. outlook is.
Learning objectives:
- Learn what Pillar 2 is and how U.S. companies could be impacted.
- Identify global updates on drafted and implemented legislation on Pillar 2.
- Define what data gathering and reporting for Pillar 2 will look like.
- Identify next steps and the U.S. outlook.
