Cross-border Tax Talks

Global tax policy: searching for stability and certainty

Doug McHoney (PwC’s International Tax Services Global Leader) is joined by Will Morris, PwC’s Global Tax Policy Leader and former Director of Global Tax Policy at General Electric to look ahead to potential global tax policy changes. Will enlightens Doug about the confluence of tax and tariffs, digital services taxes (DSTs), the importance of communicating with the C-suite, the fate of Pillar Two, how the undertaxed profits rule (UTPR) could change, the role of the UN and global tax, and the potential for a US legislation as a reaction to DSTs and the UTPR. 

Timestamps:

• 1:20 – Any good book recommendations?  
• 3:20 – Global tax policy with new Administration 
• 3:50 - How can tax executives communicate likely US tax and tariff risks and changes to their stakeholders? 
• 7:30 – How will business make decisions in the face of uncertainty? 
• 10:42 – With the likelihood of increased DSTs, can you remind the audience what happened with France’s DST during the first Trump Administration?  
• 16:00 – What is the fate of Pillar Two in the wake of the pending Trump Administration, specifically, the undertaxed profits rule? 
• 24:25 – What were some of the original goals of the OECD when enacting a global minimum tax? 
• 26:10 – Has the OECD lost some credibility and opened the door to the UN playing a larger role in global tax policy? 
• 29:15 – What are some of the challenges for developing countries when it comes to Pillar Two? 
• 32:45 – What should US inbound investors be aware of when it comes to the previously proposed Defending the American Jobs and Investment Act? 

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