Pillar Two pregame show - Episode 5
11.20.2023 | Duration: 18:30
Playing the long game: Strategizing for the future effects of Pillar Two
Podcast overview
The Pillar Two rules are going to continue to evolve long after they are initially implemented in 2024. These changes are going to put pressure on a number of important areas for multinationals, including legal entity and operational structures, IT systems and financial reporting processes, just to name a few.
In this episode, Tony Burzinski, 乐鱼（Leyu）体育官网 Accounting Advisory partner, and James Sanderson, 乐鱼（Leyu）体育官网 Tax partner, join the show for the first ever Pillar Two draft! In the two-round draft, Tony and James take turns picking the most important long-term impacts of Pillar Two that companies should start capitalizing on today.聽
Applicability
- Multinational companies with consolidated revenues of at least 鈧�750M
Relevant dates
- 2023 year-end reporting 鈥� Evaluate whether existing SEC rules require disclosure of the potential effects of Pillar Two
- January 1, 2024 鈥� Pillar Two rules begin to go into effect
- Q1 2024 reporting 鈥� Account for the effects of Pillar Two in the interim tax provision
Podcast contents
- 00:25聽- Introduction
- 03:40聽鈥� First overall pick: the Globe Information Return
- 07:55聽鈥� Second pick: safe harbors
- 11:00聽鈥� Third pick: legal entity rationalization
- 14:25聽鈥� Fourth pick: finance transformation
Explore more
Resource
Pillar Two pregame show - Episode 3
Going the distance: Diving deep into the Globe ETR calculation and its many challenges.
Resource
Pillar Two pregame show - Episode 4
Officiating the Rules: Navigating the accounting and audit considerations
Resource
Pillar Two Gameplan
Our executive guide to the new rules 鈥� with implementation steps, and how accounting and finance may be impacted.
Meet our team
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