Pillar Two spotlight series—Complexities of compliance

Pillar Two spotlight series—Complexities of compliance

The countdown to Pillar Two compliance is on, and as the deadline approaches, organizations are grappling with understanding the new rules and how they will impact their operations across jurisdictions. How are the various components connected? When will companies need to comply? When do safe harbors come into play? In part 1 of this series, host Carrie Falkenhayn sits down with Deloitte Tax leader Bob Stack and Ryan Bowen from Deloitte’s Washington National Tax practice to answer these questions and more, shedding light on the intricacies and implications of the transition and what US-based multinational companies should do to prepare for the coming changes.

With Pillar Two, you can no longer start with your financial accounting standard. You first have to assess if the data is available and then layer this set of rules and make further adjustments and elections.

—Bob Stack

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