- This event has passed.
BEPS 2.0 Pillar Two: how to navigate uncharted tax waters
September 24, 2025 @ 10:30 am – 11:30 am EDT
Recent policy statements from the US and the G7 introduced the concept of a side-by-side system, which is intended to exempt US-parented groups and their foreign subsidiaries from the Income Inclusion Rule (IIR) and Undertaxed Profits Rule (UTPR). This has fundamentally changed the trajectory of the OECD Pillar Two project and raised many questions such as timing, mechanics and application to other jurisdictions. Our EY panelists will take you through the announcements, reactions from jurisdictions, progress towards making this a reality and areas of uncertainty. We also will look at how this is likely to impact US and non-US multinational companies in the immediate term and in the future.
Meanwhile, BEPS Pillar Two legislation remains in place in over 50 jurisdictions and groups need to prepare registrations, notifications, local tax returns (QDMTT and IIR) and the GloBE Information Return in respect of the FY2024. Our EY Panelists will explain what is entailed, the complexities involved, practicalities to consider and examine approaches being undertaken to ensure that groups fulfill their obligations in an efficient and cost-effective manner.
During this 60-minute webcast, tax professionals will:
- Understand the possible implications of the US and G7 statements for their business – in terms of what is reasonably certain, what is probable and what is yet unknown.
- Review how multinationals are describing the impacts of global minimum taxes and related uncertainties in their financial statement disclosures.
- Understand compliance requirements for FY 24/25.
- Review various operating models to manage compliance obligations, including lessons learned from first movers.
Panelists:
Ronald van den Brekel, EY Global Transfer Pricing Market and Innovation Leader : Lynn Fairfax.
Craig A Hillier, EY Global ITTS Leader, Partner, Other Tax, Ernst & Young LLP
Brian Foley, EY Global Tax Accounting and Risk Advisory Services Leader, Partner, Other Tax, Ernst & Young Tax Services Limited
Chris McCandless, Partner, Global Compliance & Reporting (GCR), GBR-EY LLP
Marlies de Ruiter, EY Global International Tax Policy Leader, Partner, ITTS, EY Belastingadviseurs B.V.
