Pillar Two spotlight series: Safe harbors simplified

Pillar Two spotlight series: Safe harbors simplified

With Pillar Two, multinationals are feeling pressure to provide tax information that is not readily available and prepare for a potential top-up taxation scenario. Enter transitional safe harbor, which aims to alleviate some of the burdensome compliance calculations and requirements. In part 3 of the Pillar Two spotlight series, hear from Chad Hungerford, leader of Deloitte Tax Pillar Two efforts in the United States, and Ryan Bowen from Deloitte’s Washington National Tax practice on what safe harbor means for US multinationals, how to “test” for eligibility, and the data sources and technologies they will need to be Pillar Two ready:

Meeting safe harbor is harder than it looks; you have to make sure your CBCR meets OECD standards, and for a lot of companies, that is a step up from their current reporting.

—Chad Hungerford

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