Our on-demand video series quickly and concisely brings you the global tax policy news you need to know in a format you can access on the go. Every Monday, our Global Tax Policy Leader, Will Morris, provides a 60-second roundup of key perspectives to help you prepare for the upcoming week. We also release regular news briefings and conversations with PwC subject matter specialists and global leaders on the policy issues most affecting the business community.
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Multinationals are taking proactive steps to mitigate Pillar Two's impact, while also seeking holistic approaches that harmonize business competitiveness with shifting tariffs, DSTs, and incentives.
The world braces for new US tariffs on April 2, “Liberation Day.” In Pillar One news, India moved to repeal its 6% DST while the UK signalled it may reconsider its own. Germany affirmed its Pillar Two commitment but left room for a change in course.
Many businesses in China are expressing concern about what Trump’s Executive Orders may mean for cross-border trade and investment. Also, many questions about the future of Pillar Two.
New tax policy changes are likely to impact scenario planning for shifting business models, while companies seek certainty with the tax authorities.
Discussions around Pillar Two continue percolating. Trade tensions could complicate tax negotiations. Meanwhile, the EU's DAC 9 directive was agreed.
Efforts by companies to comply should not be underestimated; Pillar Two is a new pitfall for deals.
Budget measures, free trade dynamics, and DST compliance obligations are top of mind for companies. Will the DST be eliminated?
The latest EOs from the White House cover a wide range of tax aspects. But it’s becoming clear that tax is just part of a broader move to a more muscular US trade policy. And we tax folks may have to think about tax differently in this new environment.
Are value added taxes discriminatory? Hungary expressed scepticism over Pillar Two after US withdrawal citing competitiveness concerns, while Singapore is enhancing its incentives and preparing to adapt policies to shifting geopolitical changes.
Early protocols for the Framework Convention involve taxation of cross-border services and tax dispute prevention and resolution. Can concerns about simple majority decision making be addressed?
More year-end transfer pricing adjustments are needed, prompting VAT/customs impacts that vary widely. What proactive measures can help?
Can the UN or OECD come up with a plan agreeable to all countries after reservations were expressed about voting, tax sovereignty at the latest UN meetings? EU tax work plan looks limited; India’s Budget praised for pro-growth measures.
Pillar Two is slow moving due to complexity, administrative challenges while DSTs, SEP and withholding taxes take hold.
US tariffs are in the spotlight, with crossovers into tax policy (DSTs). US withdrawal from UN Framework Tax Convention negotiations adds further uncertainty. On Pillar Two, expect further US Congressional action; India remains on the sidelines.
Setting a global minimum tax rate has been a Pillar Two priority. But how should factors such as heavy compliance burdens and the need to incentivize economic growth factor in?
Outside the US and EU, countries are adopting a "wait and see" stance on Pillar Two. However, recently, some radical ideas have been floated by some in Brussels to counter potential US action.
A new PwC global survey finds that more C-suites are interested in the significant rise in tax disputes. How are companies preparing throughout their compliance process?
The Trump Administration has signaled a clear change in direction on global tax and trade policy—including nullifying the US’s agreement on the OECD Pillar Two, and the potential for retaliatory measures that could impact companies and individuals of foreign countries.
With the release of extensive Pillar Two guidance last week as well as a statement on Pillar One, has a tipping point been reached for the OECD?
Are your processes keeping up with the pace of change? Explore how the latest trends are prompting companies to rethink centralization, data quality, analytics.
With analysis and insight on policy changes around the world, these bulletins help you stay up-to-date with the latest developments and explain what these changes mean for you and your business.
The OECD’s Pillar Two introduces complex challenges for multinational groups. Streamline Pillar Two adoption with PwC’s tech-enabled approach.
PwC’s Pillar Two Country Tracker Online helps you with the status of the implementation of the Pillar Two rules in different countries. Explore today.
The EU Foreign Subsidies Regulation (FSR) means businesses operating in the EU, including non-EU based multinationals, may be denied approval for various transactions.
Deputy Global Tax Policy Leader, EMEA Tax Policy Leader, PwC Netherlands
Tel: +31 88 792 3611
