As Pillar Two reshapes the international tax landscape, Thomson Reuters explores how multinational enterprises (MNEs) across Asia Pacific and the Middle East are responding to one of the most significant…
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Pillar Two: What it means for non-US headquartered multinationals
The G7’s announcement regarding a potential exemption for some US-based multinationals from certain aspects of Pillar Two has made waves, but what does it mean for large multinationals headquartered in…
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President Trump’s tariffs: What tax and accounting professionals should know
What exactly is a tariff? In simplest terms, a tariff is a tax imposed on goods imported from another country. This tax increases the cost of imported goods, making them…
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Leveraging the Orbitax Global Minimum Tax Solution for BEPS Pillar Two in a Co-Sourced Model
The implementation of BEPS (Base Erosion and Profit Shifting) Pillar Two brings significant challenges for multinational enterprises (MNEs) navigating the global minimum tax rules. Unlike traditional outsourcing models, where compliance…
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September 2024: BEPS Pillar 2 Highlights
Belgium Accepting Advance Payments for Pillar 2 Global Minimum Tax (Approved) Belgium’s Federal Public Service (SPF) Finance has issued a release announcing that MNE groups subject to the Pillar 2 global minimum…
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August 2024: BEPS Pillar 2 Highlights
Australia Pillar 2 Global Minimum Tax Legislation Introduced in Parliament Australian Treasurer Jim Chalmers has announced the introduction of legislation in parliament for the implementation of the Pillar 2 global minimum tax,…
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May 2024: Pillar 2 Highlights
Estonia On 2 May 2024, Estonia published in the Official Gazette, the return requirements for the Pillar 2 global minimum tax of Council Directive (EU) 2022/2523. Estonia has opted to delay…
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What’s driving digital transformation for tax and finance professionals?
Tax and finance professionals are reinventing digital transformation within their organisations.
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Charting technology’s effectiveness for tax and finance professionals
Nearly three in four professionals surveyed (74%) noted that technology helps them, and their teams focus on more value-added activities.
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Global Minimum Tax Compliance: The Calm Before the Storm
Preparing for the Global Minimum Tax Era The introduction of the Global Minimum Tax (GMT) under the OECD’s BEPS Pillar Two framework is revolutionizing the landscape of international taxation. With…
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