What Oceania multinationals must know about the Pillar Two model rules

In this episode of the EY Oceania BEPS 2.0 podcast series, host Tony Merlo explores the latest developments in the BEPS 2.0 initiative, including the release of the Pillar Two Model Rules by the OECD BEPS Inclusive Framework on 20 December 2021.

Special comments and insights are provided by Dean Madsen and Andrew Nelson, providing a general overview of the application of the Pillar Two model rules, and addressing the potential impact of these rules on Oceania multinationals.

Other episodes in this podcast series explore some different aspects of the Pillar Two model rules, including the potential impact on taxpayers in the resources [Epiosde 3] and financial services sectors, [Episode 4] and what multinationals should be doing now from a tax systems perspective to be ready for the rules [Episode 5].

Learning outcomes :

• Which taxpayers the BEPS 2.0 Pillar Two model rules apply to, and when the rules are expected to come into effect.
• Whether the Pillar Two model rules could impact taxpayers operating in ‘high-tax’ jurisdictions.
• Considerations for multinational groups with carry-forward tax losses.
• The potential for countries to implement a Domestic Minimum Tax.
• What clients should be doing now to prepare for the implementation of the BEPS 2.0 Pillar Two model rules.

For your convenience, read the full transcript.