PwC’s Tax Bites podcast: OECD issues Administrative Guidance on Pillar 2
In this episode, we discuss our first impressions of the 111-page Administrative Guidance on Pillar 2 published by the OECD on Thursday, 2 February 2023. A wide range of issues related to the GloBE Rules and Commentary were addressed in the guidance, and our experts also welcomed the additional clarification and examples, including those on
OECD issues Administrative Guidance on Global Anti-Base Erosion Model Rules (Pillar 2)
On 2 February 2023, the OECD released the long-awaited Administrative Guidance on the Pillar 2 Model Rules. The GloBE Rules and Commentary consist of a coordinated system of rules designed to ensure that large MNE Groups are subject to a minimum effective tax rate of 15%. This set of rules are also to be implemented
Tax Bites Podcast: Incentives
On the foot of Russia’s invasion of Ukraine, the European energy landscape is facing unprecedented challenges. The response, on the part of the European Union and its member states, is to accelerate the energy transition. Although decarbonisation of our energy systems was always on the agenda in recent years, the current crisis accentuates the need
Tax Bites Podcast: Discussion draft on Pillar One – Amount B published
On Thursday, 8 December 2022, the OECD/G20 Inclusive Framework published another discussion draft in the two-pillar solution to address the tax challenges arising from the digitalisation of the economy. The document outlines the main design elements of Amount B, a part of the two-pillar approach that until now was relatively undefined. During this episode of
Formal adoption of the EU Directive on ensuring a global minimum level of taxation
What has happened? The EU Member States have reached an agreement to implement Pillar 2 to ensure a global minimum taxation for large groups. Political support is confirmed now that Pillar 2 has been enshrined legislatively in an EU Directive which was adopted unanimously by all EU Member States. The Directive should be implemented into
Hungary lifts veto on Pillar 2 – Council reaches unanimity
Last night the EU Council reached an agreement to implement Pillar 2 (press release) after Hungary dropped its veto on the matter. The next step is to start the written procedure and to publish the Pillar 2 Directive in the Official Journal of the EU. The envisaged timeline to implement Pillar 2 into domestic
Tax Bites Podcast: Tax certainty in an uncertain world
The recent developments in the tax arena may raise some areas of concern. In this podcast the speakers address some of the recent trends discussed with professor dr. Vikram Chand of the university of Lausanne. About the speakers: Isabel Verlinden Vikram Chand Stefaan De Baets Listen now Missed the previous episodes? You can listen again
Tax Bites Podcast: Looking ahead at tax policy in uncertain times
Patrick Boone and Matthias Reyntjens look ahead to what the next months will bring in terms of economic developments, and what this means for tax policy. They consider how national governments will respond, how businesses can prepare, and the likely impact on taxation. This podcast is the first of a series of podcasts dealing with
