A wave of complex tax legislation is about to engulf Europe. The new rules, which seek to avoid the shifting of profits from high tax countries to lower tax regimes. are being widely adopted across the EU and will start to come into effect this year.
The so-called “Pillar Two” aims to establish an effective global minimum tax rate of 15% for each country in which businesses operate. If their effective tax rate for any of those jurisdictions falls below 15%, then they will be liable to pay the full 15% minimum in those countries.
The rules are complex and will require substantial new forms of financial data that tax and finance departments probably do not have at their ‘fingertips’. The broader implications for the finance function, processes and systems are profound.
So the obvious question is how can finance functions, prepare and work with tax colleagues to ensure that they have paved the way for the organizational, systems and process changes needed to ensure compliance?
To help us understand the issues, have interviewed two leading experts in tax technology in this 30 minute video panel.
- Perry Hatch, Senior Director of Global Product Management at Wolters Kluwer Tax & Accounting US. She directs and manages a large global team of specialists providing support to deliver direct and indirect tax solutions to enterprise and mid-market corporations.
- Graham Tilbury, Managing Director at FTI Consulting based in London leads FTI Consulting’s Tax Technology Advisory Service. In a tax career spanning 25 years, Graham has significant experience in tax technology consulting, tax automation, tax data analytics, tax AI and online filing.